Economy

Timothy Archer Sells 28580 Shares of Lam Research Corporation (LRCX) Stock

Timothy Archer Sells 28580 Shares of Lam Research Corporation (LRCX) Stock

The stock increased 0.61% or $1.15 during the last trading session, reaching $190.27. About 205,372 shares traded.

BLACKROCK INC. lowered its stake in MGIC Investment Corporation (NYSE:MTG) by 3.99% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Groesbeck Investment Management Corp acquired 11,100 shares as Lam Resh Corp Com Com (LRCX)'s stock rose 32.64%. The institutional investor held 118,441 shares of the industrial machinery and components company at the end of 2017Q3, valued at $21.92M, down from 151,979 at the end of the previous reported quarter. Oakmont Corp who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $30.63B market cap company. The stock decreased 0.26% or $0.14 during the last trading session, reaching $53.93.

Lam Research declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 14th that allows the company to repurchase $2.00 billion in shares.

Media stories about Lam Research (NASDAQ:LRCX) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. It has outperformed by 91.16% the S&P500.

Intact Investment Management Inc, which manages about $2.30 billion US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 6,600 shares to 290,300 shares, valued at $14.36 million in 2017Q3, according to the filing. It also reduced Plains All Amern Pipeline L (NYSE:PAA) stake by 3.48M shares and now owns 73,055 shares.

Since September 12, 2017, it had 0 insider purchases, and 2 sales for $1.35 million activity. 7,200 shares valued at $943,366 were sold by SLEDD ROBERT C on Monday, December 18. HAUENSTEIN GLEN W sold $1.76 million worth of Delta Air Lines, Inc.

Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 1 in 2017Q2. Blair William & Il invested in 4,889 shares. 54 funds opened positions while 100 raised stakes. Amica Mutual Insurance holds 0.28% in Lam Research Corporation (NASDAQ:LRCX) or 16,750 shares. Westport Asset Management Inc owns 103,093 shares or 2.43% of their U.S. portfolio. Cubist Systematic Strategies Ltd Liability Corp reported 0.05% stake. After $3.46 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 6.07% EPS growth. Jpmorgan Chase has 0.05% invested in Pool Corporation (NASDAQ:POOL) for 2.02M shares. Focused Wealth Management reported 0.02% of its portfolio in Spark Therapeutics, Inc. Hightower Advisors Limited Liability holds 45,283 shares or 0.07% of its portfolio. D E Shaw And Inc holds 114,269 shares. 639,300 were reported by Timessquare Cap Mngmt Lc. The fund owned 36,337 shares of the semiconductor company's stock after selling 88,100 shares during the quarter. Dubuque State Bank holds 155 shares.

Several other institutional investors have also bought shares of the company. Moreover, Assets Invest Mgmt Limited Company has 0.15% invested in The Bank of New York Mellon Corporation (NYSE:BK). Us Savings Bank De reported 44,075 shares. Credit Suisse Group Ag had 22 analyst reports since July 28, 2015 according to SRatingsIntel. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, January 13. (NASDAQ:ROST) on Monday, October 30 with "Hold" rating. KeyBanc Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Sunday, November 19. Sidoti upgraded the shares of POOL in report on Friday, September 15 to "Buy" rating.

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In related news, VP Patrick J. Lord sold 264 shares of the company's stock in a transaction dated Friday, November 24th. The firm has "Buy" rating by RBC Capital Markets given on Monday, October 2. Zacks Investment Research downgraded Lam Research from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 26th. Equities analysts expect that Lam Research Corporation will post $9.22 EPS for the current fiscal year. The firm has "Buy" rating by B. Riley & Co given on Thursday, October 20. The firm has "Overweight" rating by Pacific Crest given on Thursday, March 16. Royal Bank of Canada boosted their target price on shares of Lam Research from $210.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, November 15th.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Tuesday, October 17th.

TRADEMARK VIOLATION NOTICE: "Traders Buy Shares of Lam Research (LRCX) on Weakness" was originally reported by Registrar Journal and is owned by of Registrar Journal. The firm has "Buy" rating given on Thursday, July 27 by Cowen & Co. NEWBERRY STEPHEN G sold $135,000 worth of stock.

The investor is now holding $13.23 million shares due in part to a decrease of 1.67 million new shares in their portfolio. It is positive, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Moors & Cabot Incorporated has 0.06% invested in Lam Research Corporation (NASDAQ:LRCX).

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 24. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Cantab Capital Prns Llp, United Kingdom-based fund reported 10,884 shares.

A number of equities research analysts have recently commented on LRCX shares. Cleararc holds 0.12% or 4,181 shares. Finally, BP PLC acquired a new stake in shares of Lam Research Corporation during the second quarter valued at $1,681,000. Hsbc Holdings Public Ltd holds 0.13% or 1.52 million shares in its portfolio. Krilogy Financial LLC now owns 550 shares of the semiconductor company's stock worth $102,000 after buying an additional 263 shares during the period. Employees Retirement System Of Texas stated it has 0.22% of its portfolio in Lam Research Corporation (NASDAQ:LRCX).

Currently, 0.50% of MGIC Investment Corporation (NYSE:MTG) are owned by insiders with 92.75% six-month change in the insider ownership. It also reduced its holding in Ishares Tr (IXC) by 223,000 shares in the quarter, leaving it with 444,000 shares, and cut its stake in Priceline Grp Inc (NASDAQ:PCLN).


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