Price Target Estimates for Lam Research Corporation (LRCX)

Brown Capital Management Llc sold 324,467 shares as Cognex Corp (CGNX)'s stock rose 18.92%.

Cambrian Capital Limited Partnership holds 4.59% of its portfolio in Continental Resources, Inc. for 125,646 shares. These inputs included a growing difference between net income and cash flow from operations, increasing receivable days, growing day's sales of inventory, increasing other current assets, decrease in depreciation relative to gross property plant and equipment, and high total asset growth. About 4,872 shares traded. It has outperformed by 49.22% the S&P500.

Bridgeway Capital Management Inc decreased Lam Research Corp (LRCX) stake by 12.25% reported in 2017Q2 SEC filing.

Lam Research announced that its Board of Directors has approved a stock buyback plan on Tuesday, November 14th that authorizes the company to repurchase $2.00 billion in shares. The Cornerstone Capital Management Holdings Llc holds 242,107 shares with $34.24M value, down from 318,380 last quarter. Associated Banc-Corp who had been investing in Lam Research Corp for a number of months, seems to be less bullish one the $30.20 billion market cap company. On the stock's most recent trading day, the company's shares ended the regular session at $186.46, which is 15.13% lower than its 52-week high.

The company's market cap is $29.59 Billion, and the average volume is 2.33 Million. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since December 10, 2016 and is uptrending. It has outperformed by 40.70% the S&P500. Goldman Sachs upgraded Lam Research Corporation (NASDAQ:LRCX) on Monday, December 19 to "Buy" rating. While in the same Quarter Previous year, the Actual EPS was $2.24. LRCX's profit will be $594.33M for 12.70 P/E if the $3.67 EPS becomes a reality. Note, this compares with a consensus analyst forecast of 3.67 in earnings per share for its next fiscal quarterly report. Janus Henderson Group PLC now owns 5,014,215 shares of the semiconductor company's stock worth $927,828,000 after purchasing an additional 271,546 shares in the last quarter.

Investors sentiment increased to 1.02 in Q2 2017. It improved, as 43 investors sold LRCX shares while 255 reduced holdings.

Hedge funds have recently added to or reduced their stakes in the business. 149.22 million shares or 7.19% less from 160.77 million shares in 2017Q1 were reported.

Whale Rock Capital Management LLC lifted its stake in Lam Research Co. Mathes Company Inc stated it has 31,380 shares. 25,152 are owned by Ngam Advsr L P. Capstone Asset Mgmt holds 0.09% or 22,432 shares. The Alabama-based Retirement Systems Of Alabama has invested 0.06% in Lam Research Corporation (NASDAQ:LRCX).

Analysts are also projecting an Average Revenue Estimate for Lam Research Corporation as $2.57 Million in the Current Quarter. This is a boost from Lam Research's previous quarterly dividend of $0.45. They expect $0.16 EPS, up 328.57% or $0.23 from last year's $-0.07 per share. Bridgeway Management Inc owns 468,506 shares. Texas Permanent School Fund has 45,325 shares. Yorktown Management & Rech Incorporated reported 12,500 shares. Wetherby Asset Mngmt Incorporated reported 0.04% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Cypress Lc has invested 0.2% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Therefore 91% are positive. Lam Research has a fifty-two week low of $103.01 and a fifty-two week high of $219.70. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Buy" rating by Stifel Nicolaus on Monday, November 21. They issued a buy rating and a $196.00 price target for the company. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Friday, January 13. Canaccord Genuity maintained the shares of REIS in report on Tuesday, August 1 with "Buy" rating. The rating was maintained by Needham on Thursday, July 27 with "Buy". UBS maintained Lam Research Corporation (NASDAQ:LRCX) on Monday, June 5 with "Buy" rating. The company was maintained on Thursday, October 6 by DA Davidson. The firm has "Buy" rating given on Thursday, April 21 by B. Riley & Co. The firm has "Buy" rating given on Wednesday, October 18 by KeyBanc Capital Markets.

Among 23 analysts covering Lam Research Corporation (NASDAQ:LRCX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 42% are positive. As per Tuesday, November 3, the company rating was downgraded by CLSA. The stock has "Overweight" rating by Morgan Stanley on Tuesday, December 15. The stock of Lam Research Corporation (NASDAQ:LRCX) has "Outperform" rating given on Thursday, January 26 by Cowen & Co. Analysts believe that we could see stock price minimum in the $55 range (lowest target price), allowing for another 15.45% jump from its current position. (NYSE:JNPR) on Wednesday, October 25 with "Neutral" rating. The company was initiated on Wednesday, May 11 by FBR Capital.

The stock decreased 5.07% or $0.9 during the last trading session, reaching $16.85. Its down 0.14, from 1.12 in 2017Q1. 90 funds opened positions while 182 raised stakes. Commonwealth Equity accumulated 0% or 8,249 shares. Royal National Bank Of Canada invested in 0.04% or 537,062 shares. State Teachers Retirement reported 0.03% stake. Pdt Prtn Ltd Liability Corporation accumulated 0.96% or 169,200 shares. Citigroup maintained Juniper Networks, Inc. Its up 118.95% from 9,500 shares previously. The company has Beta Value of 1.61 and ATR value of 7.3. Proshare Advsrs Ltd Liability invested in 0.02% or 67,594 shares. Cap Limited Com reported 95,775 shares. Navellier & Assocs reported 1.11% of its portfolio in Cognex Corporation (NASDAQ:CGNX).

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