A Look Into Insider Activity With Lam Research Corporation (LRCX)

Adjust Comment Print

Lam Research announced that its Board of Directors has initiated a share buyback program on Tuesday, November 14th that allows the company to repurchase $2.00 billion in outstanding shares. The semiconductor company reported $3.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $3.27 by $0.19. The stock decreased 2.99% or $5.91 during the last trading session, reaching $191.66. About 908,563 shares traded. The TJX Companies, Inc. Freeport-McMoRan Inc. (FCX) has risen 6.83% since January 11, 2017 and is uptrending. It has underperformed by 21.30% the S&P500. Planning Corp has invested 0.08% of its portfolio in Lam Research Corporation (NASDAQ:LRCX).

(LRCX) by 52.06% based on its latest 2017Q3 regulatory filing with the SEC. Scout Investments Inc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $31.23 billion market cap company. About 28.04 million shares traded or 58.67% up from the average. It has outperformed by 91.16% the S&P500.

Since September 1, 2017, it had 0 insider buys, and 1 sale for $1.45 million activity. (NASDAQ:FB). Advisory Svcs Net Limited Co holds 53,310 shares or 1.04% of its portfolio. Washington Tru Bank & Trust reported 460 shares stake.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on February, 14 after the close. CAR's profit will be $15.47M for 59.44 P/E if the $0.19 EPS becomes a reality. The institutional investor held 91,630 shares of the o.e.m. company at the end of 2017Q3, valued at $1.81 million, down from 112,400 at the end of the previous reported quarter.

Investors sentiment decreased to 0.88 in Q3 2017. A stock with a beta between 0.0 and 1.0 has smaller ups and downs. It turned negative, as 5 investors sold NAP shares while 3 reduced holdings. 104 funds opened positions while 328 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Reilly Financial Advisors Ltd Liability Corporation invested 1.69% in The TJX Companies, Inc. (NYSE:VTR) are owned by insiders with 90.39% six-month change in the insider ownership. Neville Rodie & Shaw Inc. grew its position in shares of Lam Research by 3.7% during the 4th quarter.

Prudential accumulated 331,044 shares. During the same period in the previous year, the company earned $1.57 EPS. BTIG Research downgraded the shares of FB in report on Thursday, November 3 to "Neutral" rating. STATE STREET CORP owned 3.37% of Ventas, Inc. Allsquare Wealth Mngmt Llc holds 0.02% or 160 shares. Putnam Limited Liability Com stated it has 187,047 shares or 0.08% of all its holdings. Johnson Grp Inc reported 1,348 shares or 0.03% of all its holdings.

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 86% are positive. Navios Maritime Midstream Partners had 6 analyst reports since September 22, 2015 according to SRatingsIntel. Needham maintained it with "Buy" rating and $20000 target in Thursday, July 27 report. The rating was upgraded by DNB Markets on Tuesday, April 19 to "Hold". KeyCorp reiterated a "buy" rating and set a $225.00 price objective on shares of Lam Research in a research note on Sunday, November 19th. The rating was maintained by Bernstein on Wednesday, May 18 with "Outperform". Needham maintained the stock with "Buy" rating in Thursday, January 26 report. Lam Research Corporation's payout ratio is now 32.37%.

Moreover, when the average volume increases or decreases, can provide sentiment to the volatility of the stock. Its up 0.04, from 0.98 in 2017Q2. Of those transactions, there were 100,860 shares of LRCX bought and 663,175 shares sold.

More news: Near term Outlook For United Continental Holdings, Inc. (NYSE:UAL)
More news: Jennifer Lopez Guest-Starring On "Will & Grace"
More news: Why to Keeping Eye on Chevron Corporation (CVX), Voya Financial, Inc. (VOYA)?

Neville Rodie & Shaw Inc. raised its stake in Lam Research Co.

Analyst recommendations as reported on FINVIZ are rated on a 1 to 5 scale. Huntington Natl Bank invested in 358 shares or 0% of the stock. Lombard Odier Asset Management (Switzerland) Sa invested in 13,901 shares. Oppenheimer & holds 8,341 shares or 0.04% of its portfolio. 1,817 were reported by Wetherby Asset Management. Veritable LP reported 5,512 shares or 0.02% of all its holdings. Barclays Public Limited Liability Com holds 0.03% or 161,413 shares.

Lam Research Corporation (NASDAQ:LRCX) closed up +1.48 points or 0.75% at $197.88 with 2.74 mln shares exchanging hands. About 2.10 million shares traded. Financial Advantage reported 0.01% stake. 252,000 are owned by Cap Growth Mgmt Limited Partnership. Whittier Company Of Nevada holds 173 shares.

Lam Research Corporation (LRCX)'s current session activity disclosed encouraging signal for active traders.

It is down 0.00% since January 11, 2017 and is. The shares were sold at an average price of $195.09, for a total transaction of $146,317.50. Therefore 92% are positive. Equities analysts anticipate that Lam Research Corporation will post $9.12 earnings per share for the current fiscal year. M Partners has "Buy" rating and $49 target. The firm earned "Buy" rating on Thursday, October 20 by Stifel Nicolaus. Capital Ok stated it has 0.03% in Lam Research Corporation (NASDAQ:LRCX). The company was maintained on Thursday, December 10 by Cowen & Co.

As of now, the increased share price of Lam Research Corporation makes it a lucrative buy for investors. The firm has "Buy" rating given on Wednesday, October 18 by Credit Suisse. RBC Capital Markets maintained the stock with "Underperform" rating in Thursday, October 22 report. On Friday, January 13 the stock rating was maintained by RBC Capital Markets with "Outperform". The firm has "Sector Weight" rating by Pacific Crest given on Wednesday, October 12.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Comments