$3.02 EPS Expected for Lam Research Corporation (LRCX)

July 18, 2017 - By Ellis Scott

 $3.02 EPS Expected for Lam Research Corporation (LRCX)
Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.20, from 1.18 in 2016Q3. It turned negative, 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.
Leuthold Group Lc owns 109,633 shares for 1.3% of their portfolio. Envestnet Asset Inc invested in 56,406 shares. Ci Investments stated it has 0.03% in Lam Research Corporation (NASDAQ:LRCX). Gateway Invest Advisers Ltd Com invested 0.04% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). 4,431 are held by Raymond James Fin Service Advsr Inc. Integrated Wealth Counsel Limited Liability reported 200 shares. Allianz Asset Ag invested in 0.19% or 1.96 million shares. Wright Investors Serv Inc accumulated 0.23% or 4,950 shares. Leavell Invest Mngmt owns 8,500 shares or 0.12% of their US portfolio. Price T Rowe Assocs Md has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX). Marshall Wace Ltd Liability Partnership invested 0.33% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Washington Natl Bank invested in 635 shares or 0.02% of the stock. Capital Guardian Tru Communications accumulated 0% or 63 shares. Eventide Asset Management Limited Liability Company stated it has 329,500 shares. Gemmer Asset Management Ltd Liability stated it has 315 shares.

Since January 31, 2017, it had 0 buys, and 20 sales for $38.00 million activity. The insider Bettinger Douglas R sold 3,741 shares worth $429,841. $595,150 worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by ARCHER TIMOTHY. LORD PATRICK J had sold 1,269 shares worth $150,935. O’Dowd Sarah A sold 6,459 shares worth $759,976. On Thursday, May 18 NEWBERRY STEPHEN G sold $3.01 million worth of Lam Research Corporation (NASDAQ:LRCX) or 20,047 shares. Anstice Martin B sold 48,000 shares worth $5.80M. The insider Gottscho Richard A sold $9.96 million.

Wall Street await Lam Research Corporation (NASDAQ:LRCX) to release earnings on July, 26. Analysts forecast earnings per share of $3.02, up exactly $1.22 or 67.78 % from 2014’s $1.8 EPS. The expected LRCX’s profit could reach $494.61M giving the stock 13.00 P/E in the case that $3.02 earnings per share is reported. After posting $2.80 EPS for the previous quarter, Lam Research Corporation’s analysts now forecast 7.86 % EPS growth. The stock decreased 0.20% or $0.32 during the last trading session, reaching $156.98. About 1.66M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since July 18, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 15 analysts covering Lam Research Corporation (NASDAQ:LRCX), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Lam Research Corporation had 41 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Outperform” rating by Cowen & Co on Monday, May 16. The rating was maintained by B. Riley & Co on Thursday, April 21 with “Buy”. The rating was downgraded by RBC Capital Markets to “Underperform” on Monday, October 5. Needham maintained Lam Research Corporation (NASDAQ:LRCX) rating on Friday, October 9. Needham has “Buy” rating and $88 target. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Outperform” rating given on Thursday, December 10 by Cowen & Co. The rating was maintained by RBC Capital Markets on Friday, January 13 with “Outperform”. On Thursday, October 22 the stock rating was maintained by B. Riley & Co with “Buy”. Morgan Stanley initiated the stock with “Overweight” rating in Tuesday, December 15 report. The rating was upgraded by CLSA on Friday, September 25 to “Buy”. The firm has “Sector Weight” rating by Pacific Crest given on Wednesday, October 12.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has market cap of $25.71 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 20.02 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

More important recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Seekingalpha.com which released: “It’s Time To Pay Attention To Lam Research Corporation” on July 04, 2017, also Benzinga.com published article titled: “Applied Materials, Lam Research: Long Trade Ideas Heading Into Semicon West …”, Zacks.com published: “Time to Focus on Lam Research (LRCX) for Strong Earnings Growth Potential July …” on July 12, 2017. More interesting news about Lam Research Corporation (NASDAQ:LRCX) was released by: Finance.Yahoo.com and their article: “Lam Research’s (LRCX) Price Target Raised Over 6% by Needham” with publication date: June 19, 2017.

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