American International Group Inc.'s holdings in Lam Research were worth $11,441,000 as of its most recent filing with the SEC. It is negative, as 43 investors sold LRCX shares while 255 reduced holdings. Finally, UBS Asset Management Americas Inc. grew its position in shares of Lam Research by 9.5% in the second quarter. The institutional investor owned 217,314 shares of the semiconductor company's stock after buying an additional 187,128 shares during the period. Whale Rock Capital Management Llc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $29.84 billion market cap company. Janus Henderson Group PLC now owns 4,742,669 shares of the semiconductor company's stock valued at $670,756,000 after purchasing an additional 4,722,348 shares during the last quarter.
In related news, Director Stephen G. Newberry sold 20,047 shares of the stock in a transaction dated Thursday, May 18th. Finally, Vanguard Group Inc. raised its position in shares of Lam Research by 2.6% during the second quarter. A total of 5,147,108 shares exchanged hands during the intra-day trade contrast with its average trading volume of 2.33M shares, while its relative volume stands at 2.21.
In other news, insider Martin B. Anstice sold 21,955 shares of the stock in a transaction that occurred on Friday, November 17th. On a different note, the stock is -7.36% below its 50-day moving average, providing a measure of support for short positions. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The stock was sold at an average price of $171.76, for a total value of $1,492,766.16. The disclosure for this sale can be found here. (NYSE:NYCB) traded down -1.03% in the last session while performance was up 13.49% in the last five days.
Australian stocks shed 0.35 percent, South Korea's KOSPI lost 0.65 percent and Shanghai retreated 0.7 percent.
News stories about Lam Research (NASDAQ:LRCX) have been trending positive on Wednesday, according to Alpha One Sentiment Analysis.
Looking forward, the company's quarterly earnings are expected to come at $0.17 in the three months through December 2017 and $0.17 in the quarter ending March 2018, reflecting -26.09% and -19.05% growth, respectively. The company has the market capitalization of $138.50M while its P/B ratio was 3.95.
Sell side analysts plays vital role in buying and selling a stock where 6 analysts rated Lam Research Corporation (NASDAQ:LRCX) as Buy, 0 analysts given Outperform signal, 0 reported Hold, and 1 analysts rated the stock as Sell. The semiconductor company reported $2.80 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.55 by $0.25. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.46 billion. Lam Research Corporation's beta is 1.62 whilst the stock has an average true range (ATR) of 7.43. During the same quarter in the prior year, the company earned $1.81 earnings per share. equities research analysts expect that Lam Research Co. will post 14.74 EPS for the current year.
Lam Research declared that its board has approved a share buyback program on Tuesday, November 14th that authorizes the company to buyback $2.00 billion in outstanding shares. At the open market though, their shares were trading at $22.30.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 6th will be issued a $0.50 dividend. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. The pivot is considered to be the average of data like close, low, and high of the previous trading session. The ex-dividend date of this dividend is Tuesday, December 5th. Lam Research's dividend payout ratio is 16.44%.
Valued now at $184.23, the vast majority of Wall Street analysts continue to say it's worth buying.
LRCX has been the topic of several research reports. Stifel Nicolaus maintained the shares of LRCX in report on Thursday, October 20 with "Buy" rating. ValuEngine lowered shares of Lam Research from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 1st. Daily price fluctuations affect a lot of traders, in order to stop that and fully focus on the stock, investors and traders prefer to use 200-day moving average. Ameritas Investment Partners Incorporated reported 6,528 shares. Delphi Mngmt Inc Ma stated it has 1.43% in Lam Research Corporation (NASDAQ:LRCX). If you are reading this piece on another domain, it was copied illegally and republished in violation of USA and worldwide trademark and copyright legislation. First Trust Limited Partnership has invested 0.28% in Lam Research Corporation (NASDAQ:LRCX). The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs).