EPS for Lam Research Corporation (LRCX) Expected At $3.20

September 15, 2018 - By Bradley Stiles

Lam Research Corporation (NASDAQ:LRCX) LogoInvestors sentiment decreased to 1.05 in 2018 Q2. Its down 0.05, from 1.1 in 2018Q1. It dived, as 71 investors sold Lam Research Corporation shares while 246 reduced holdings. 82 funds opened positions while 252 raised stakes. 134.98 million shares or 2.35% less from 138.23 million shares in 2018Q1 were reported.
Hudock Group Inc Ltd accumulated 116 shares or 0.01% of the stock. 6,508 were reported by Cypress Management Limited Liability Co. Ontario Teachers Pension Plan Board invested in 0.02% or 6,418 shares. Signalpoint Asset Mngmt Limited Liability Corporation stated it has 5,161 shares. New York-based Hudson Bay Cap Mgmt Limited Partnership has invested 0.04% in Lam Research Corporation (NASDAQ:LRCX). Highbridge Cap Management Ltd Limited Liability Company has invested 0.02% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Cetera Advisor Net holds 0.02% in Lam Research Corporation (NASDAQ:LRCX) or 2,745 shares. Mathes invested in 15,364 shares or 1.27% of the stock. Loring Wolcott & Coolidge Fiduciary Advsrs Llp Ma invested in 7 shares or 0% of the stock. Gradient Limited Liability Corporation accumulated 0% or 7 shares. 2,314 are held by Confluence Investment Mngmt Ltd Liability. Cornerstone holds 6,000 shares. Wright Service holds 4,823 shares. Allsquare Wealth Ltd Liability Com has invested 0.02% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Tyrus Capital Sam holds 31.77% or 118,000 shares.

Since March 21, 2018, it had 0 insider buys, and 7 selling transactions for $16.76 million activity. The insider LORD PATRICK J sold $1.20M. On Tuesday, April 17 the insider ARCHER TIMOTHY sold $1.05 million. 11,200 shares valued at $2.52 million were sold by Anstice Martin B on Wednesday, March 21.

Analysts expect Lam Research Corporation (NASDAQ:LRCX) to report $3.20 EPS on October, 16.They anticipate $0.26 EPS change or 7.51 % from last quarter’s $3.46 EPS. LRCX’s profit would be $504.25M giving it 11.99 P/E if the $3.20 EPS is correct. After having $5.31 EPS previously, Lam Research Corporation’s analysts see -39.74 % EPS growth. The stock increased 0.22% or $0.34 during the last trading session, reaching $153.46. About 2.49M shares traded. Lam Research Corporation (NASDAQ:LRCX) has declined 12.41% since September 15, 2017 and is downtrending. It has underperformed by 28.03% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 14 analysts covering Lam Research (NASDAQ:LRCX), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Lam Research had 24 analyst reports since March 15, 2018 according to SRatingsIntel. The rating was initiated by Cowen & Co with “Buy” on Tuesday, May 15. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, April 18. JP Morgan maintained the shares of LRCX in report on Friday, July 27 with “Overweight” rating. The rating was maintained by B. Riley & Co with “Buy” on Wednesday, April 18. The firm earned “Buy” rating on Friday, July 27 by Stifel Nicolaus. KeyBanc Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Wednesday, April 18. KeyBanc Capital Markets has “Overweight” rating and $283 target. The firm earned “Buy” rating on Friday, May 18 by Mizuho. The company was maintained on Sunday, June 10 by Bank of America. Citigroup maintained Lam Research Corporation (NASDAQ:LRCX) rating on Friday, July 13. Citigroup has “Buy” rating and $239 target. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Wednesday, April 18 by Stifel Nicolaus.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company has market cap of $24.18 billion. The firm offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer patterning and liner applications in various advanced memory and logic structures. It has a 11.65 P/E ratio. The Company’s thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films.

More news for Lam Research Corporation (NASDAQ:LRCX) were recently published by: Finance.Yahoo.com, which released: “The Selloff of Western Digital Stock May Not Be Over” on September 14, 2018. Seekingalpha.com‘s article titled: “Bull And Bear Markets Within S&P 500 – Cramer’s Mad Money (9/12/18)” and published on September 13, 2018 is yet another important article.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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.