Marvin & Palmer Associates INC Position in Lam Research Corp. (LRCX) Has Decreased by $4.06 Million

March 22, 2018 - By Marie Mckinney

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2. It increased, 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. Lord Abbett & Comm Lc reported 0.09% in Lam Research Corporation (NASDAQ:LRCX). Commonwealth Of Pennsylvania Pub School Empls Retrmt System has invested 0.04% in Lam Research Corporation (NASDAQ:LRCX). Moreover, Parkwood Ltd Liability has 0.04% invested in Lam Research Corporation (NASDAQ:LRCX). Employees Retirement Association Of Colorado owns 0.04% invested in Lam Research Corporation (NASDAQ:LRCX) for 30,228 shares. 251,493 are held by Fil Limited. Kentucky Retirement System holds 0.14% or 9,905 shares in its portfolio. Seizert Capital Prns has 57,945 shares for 0.39% of their portfolio. Orrstown Fin Incorporated holds 0.04% or 180 shares. Advisory Ser Net Limited Liability Com holds 0.24% in Lam Research Corporation (NASDAQ:LRCX) or 11,145 shares. Bnp Paribas Arbitrage owns 74,829 shares. Marvin & Palmer Assoc Inc has invested 5.47% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). 413,802 are held by Voya Invest Mngmt Lc. 2,817 were reported by Raymond James Trust Na. Ssi Inv Management has invested 0.04% in Lam Research Corporation (NASDAQ:LRCX). Midas Mgmt holds 14,000 shares or 1.37% of its portfolio.

Since September 27, 2017, it had 0 insider purchases, and 11 selling transactions for $14.58 million activity. $2.11M worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by ARCHER TIMOTHY. $390,194 worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by O’Dowd Sarah A. The insider Varadarajan Seshasayee sold $5.47M. On Wednesday, March 7 Gottscho Richard A sold $3.54M worth of Lam Research Corporation (NASDAQ:LRCX) or 16,866 shares. Shares for $987,770 were sold by LORD PATRICK J.

Marvin & Palmer Associates Inc decreased its stake in Lam Research Corp. (LRCX) by 47.69% based on its latest 2017Q3 regulatory filing with the SEC. Marvin & Palmer Associates Inc sold 21,947 shares as the company’s stock rose 32.64% with the market. The hedge fund held 24,073 shares of the industrial machinery and components company at the end of 2017Q3, valued at $4.45 million, down from 46,020 at the end of the previous reported quarter. Marvin & Palmer Associates Inc who had been investing in Lam Research Corp. for a number of months, seems to be less bullish one the $35.83B market cap company. The stock decreased 1.96% or $4.39 during the last trading session, reaching $219.89. About 125,502 shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since March 22, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on April, 17. They expect $4.36 EPS, up 55.71 % or $1.56 from last year’s $2.8 per share. LRCX’s profit will be $710.48M for 12.61 P/E if the $4.36 EPS becomes a reality. After $4.34 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 0.46 % EPS growth.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 26 analysts covering Lam Research Corporation (NASDAQ:LRCX), 25 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation has $305.0 highest and $52 lowest target. $236’s average target is 7.33% above currents $219.89 stock price. Lam Research Corporation had 83 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 7 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. The firm has “Positive” rating given on Tuesday, January 16 by Susquehanna. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Thursday, January 25 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Tuesday, October 17 with “Buy”. The rating was maintained by Citigroup on Friday, August 12 with “Buy”. The company was maintained on Thursday, October 20 by Needham. The firm has “Overweight” rating given on Thursday, January 25 by JP Morgan. As per Wednesday, October 18, the company rating was maintained by B. Riley & Co. The rating was maintained by Argus Research on Thursday, October 19 with “Buy”.

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