RBC Capital Has Just Reported a Downgrade of Lam Research (NASDAQ:LRCX) with a $210.0000 Target Price

June 13, 2018 - By Tina Thibodeau

Lam Research Corporation (NASDAQ:LRCX) Logo

Investors sentiment increased to 1.1 in Q1 2018. Its up 0.02, from 1.08 in 2017Q4. It is positive, as 62 investors sold Lam Research Corporation shares while 259 reduced holdings. 131 funds opened positions while 223 raised stakes. 138.23 million shares or 1.88% less from 140.89 million shares in 2017Q4 were reported.

Fuller And Thaler Asset Mgmt Inc stated it has 800 shares or 0% of all its holdings. Ssi Inv Mngmt stated it has 2,276 shares. Liberty Mutual Grp Asset Mgmt Inc accumulated 0.04% or 6,475 shares. Yhb Invest Advisors holds 10,130 shares or 0.35% of its portfolio. 264,890 were reported by Axa. Mckinley Cap Mgmt Limited Liability Com Delaware has invested 1.51% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Archford Strategies Lc invested in 522 shares. Brinker, Pennsylvania-based fund reported 1,839 shares. Eqis reported 9,530 shares. First Ltd Partnership accumulated 692,502 shares. Aviva Public Limited Co owns 82,405 shares for 0.1% of their portfolio. Panagora Asset Management Incorporated reported 81,052 shares. Mariner Lc has 21,407 shares. Zeke Advsrs Ltd Company invested in 2,933 shares or 0.06% of the stock. Pinebridge Lp invested 0.03% of its portfolio in Lam Research Corporation (NASDAQ:LRCX).

Since January 23, 2018, it had 0 buys, and 12 insider sales for $28.53 million activity. 25,122 shares were sold by Anstice Martin B, worth $5.12 million on Tuesday, May 22. $5.47M worth of Lam Research Corporation (NASDAQ:LRCX) was sold by Varadarajan Seshasayee on Tuesday, January 23. $2.24 million worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by O’Dowd Sarah A. 4,656 Lam Research Corporation (NASDAQ:LRCX) shares with value of $987,770 were sold by LORD PATRICK J. Another trade for 16,866 shares valued at $3.54 million was made by Gottscho Richard A on Wednesday, March 7.

Lam Research (NASDAQ:LRCX) Receives a Downgrade

RBC Capital has downgraded shares of Lam Research (NASDAQ:LRCX) to a Hold rating in a note made public on Wednesday morning. The firm now has a $210.0000 PT on shares. RBC Capital’s PT would indicate a possibly upside of 11.73 % from the previous close of the stock.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 19 analysts covering Lam Research (NASDAQ:LRCX), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. Lam Research has $305.0 highest and $220 lowest target. $263.21’s average target is 40.04% above currents $187.96 stock price. Lam Research had 27 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Wednesday, January 24 with “Buy”. B. Riley & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Wednesday, April 18 with “Buy” rating. JP Morgan maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, January 25. JP Morgan has “Overweight” rating and $260 target. The rating was maintained by KeyBanc Capital Markets on Wednesday, April 18 with “Overweight”. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by FBR Capital on Wednesday, April 18. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Goldman Sachs on Wednesday, April 18. As per Thursday, January 25, the company rating was maintained by Morgan Stanley. The company was maintained on Thursday, April 12 by KeyBanc Capital Markets. Citigroup upgraded Lam Research Corporation (NASDAQ:LRCX) on Monday, May 14 to “Buy” rating. The company was maintained on Sunday, June 10 by Bank of America.

The stock increased 0.55% or $1.03 during the last trading session, reaching $187.96. About 1.33M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 31.27% since June 13, 2017 and is uptrending. It has outperformed by 18.70% the S&P500.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on July, 25. They expect $5.00 EPS, up 60.77 % or $1.89 from last year’s $3.11 per share. LRCX’s profit will be $820.23M for 9.40 P/E if the $5.00 EPS becomes a reality. After $4.79 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 4.38 % EPS growth.

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 $30.83 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 20.64 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 notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Nasdaq.com which released: “4 Notable Dividend Increases From the Past Week — Including Lam Research Corproation” on May 21, 2018, also Nasdaq.com with their article: “Lam Research Corporation Stock Is Falling, But It’s a Knife I Can Confidently Catch!” published on June 07, 2018, Investorplace.com published: “5 Top Stock Trades for Tuesday Morning” on June 11, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Investorplace.com and their article: “7 ‘Super Cheap’ Stocks With Monster Upside” published on June 11, 2018 as well as Seekingalpha.com‘s news article titled: “Lam Research Is A Huge Buy” with publication date: June 13, 2018.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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