Lam Research Corporation (LRCX) Analysts See $3.26 EPS

September 17, 2017 - By Marguerite Chambers

 Lam Research Corporation (LRCX) Analysts See $3.26 EPS
Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.20, from 1.18 in 2016Q3. It dived, as 39 investors sold Lam Research Corporation shares while 225 reduced holdings. 80 funds opened positions while 178 raised stakes. 159.58 million shares or 7.34% less from 172.22 million shares in 2016Q3 were reported.
Rockefeller Fincl Svcs Inc stated it has 0% in Lam Research Corporation (NASDAQ:LRCX). The Virginia-based Yorktown Mgmt And Rech has invested 0.34% in Lam Research Corporation (NASDAQ:LRCX). Wade G W And Inc owns 3,675 shares. Deroy And Devereaux Private Counsel holds 156,280 shares. Principal Group holds 0.06% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 438,447 shares. Glaxis Cap Mngmt Ltd Liability reported 12.32% in Lam Research Corporation (NASDAQ:LRCX). 5,946 are owned by Cfo4life Ltd Partnership. Murphy Mgmt has invested 0.11% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Amer Bancshares accumulated 185 shares. Lmr Prtn Limited Liability Partnership reported 8,589 shares. Morgan Stanley accumulated 561,799 shares. Moreover, Valley Advisers Inc has 0% invested in Lam Research Corporation (NASDAQ:LRCX) for 48 shares. State Bank Of America Corp De invested in 1.86M shares or 0.04% of the stock. 2,235 were accumulated by Montag A And Assoc. Veritable Lp has invested 0.01% in Lam Research Corporation (NASDAQ:LRCX).

Since March 16, 2017, it had 0 buys, and 4 insider sales for $5.36 million activity. ARCHER TIMOTHY had sold 4,223 shares worth $528,931. Gottscho Richard A sold 80,009 shares worth $9.96M. LORD PATRICK J sold $430,320 worth of Lam Research Corporation (NASDAQ:LRCX) on Tuesday, June 13.

Analysts expect Lam Research Corporation (NASDAQ:LRCX) to report $3.26 EPS on October, 18.They anticipate $1.45 EPS change or 80.11 % from last quarter’s $1.81 EPS. LRCX’s profit would be $529.55M giving it 13.27 P/E if the $3.26 EPS is correct. After having $3.11 EPS previously, Lam Research Corporation’s analysts see 4.82 % EPS growth. The stock increased 0.24% or $0.41 on September 15, reaching $172.99. About 2.69 million shares traded or 36.55% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since September 17, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 19 analysts covering Lam Research Corporation (NASDAQ:LRCX), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Lam Research Corporation had 53 analyst reports since September 17, 2015 according to SRatingsIntel. Cowen & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, July 27 with “Buy” rating. The company was maintained on Thursday, August 10 by B. Riley & Co. The firm has “Neutral” rating given on Tuesday, October 25 by Goldman Sachs. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by UBS on Tuesday, June 13. The firm earned “Buy” rating on Monday, December 19 by Goldman Sachs. Argus Research initiated Lam Research Corporation (NASDAQ:LRCX) rating on Tuesday, September 12. Argus Research has “Buy” rating and $196.0 target. RBC Capital Markets maintained the stock with “Buy” rating in Monday, June 5 report. Needham maintained Lam Research Corporation (NASDAQ:LRCX) on Friday, June 16 with “Buy” rating. On Thursday, March 16 the stock rating was upgraded by Pacific Crest to “Overweight”. As per Tuesday, December 15, the company rating was initiated by Morgan Stanley.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has market cap of $28.10 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 18.79 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Benzinga.com which released: “Lam Research On The Cusp Of Healthy Chip Industry Environment; Argus Initiates …” on September 12, 2017, also Nasdaq.com with their article: “Here’s Why You Should Buy Lam Research (LRCX) Stock Now” published on September 13, 2017, Nasdaq.com published: “Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for September 12, 2017” on September 11, 2017. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Seekingalpha.com and their article: “Lam Research Just Disclosed A New Material Risk – China” published on August 21, 2017 as well as Globenewswire.com‘s news article titled: “Lam Research Corporation Announces Participation at Upcoming Conference” with publication date: August 30, 2017.

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