EPS for Lam Research Corporation (LRCX) Expected At $3.67

January 14, 2018 - By Louis Casey

 EPS for Lam Research Corporation (LRCX) Expected At $3.67
Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It improved, as 51 investors sold Lam Research Corporation 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.
Ontario – Canada-based 1832 Asset Mgmt Ltd Partnership has invested 0% in Lam Research Corporation (NASDAQ:LRCX). 174,208 were reported by Nuveen Asset Mgmt Limited Liability. Murphy Management Incorporated has invested 0.19% in Lam Research Corporation (NASDAQ:LRCX). Bank & Trust Of Montreal Can holds 1.55M shares. First Mercantile Trust holds 2,043 shares or 0.07% of its portfolio. Cap Advsrs Ok owns 3,000 shares or 0.03% of their US portfolio. Apg Asset Mgmt Nv reported 544,298 shares. The Japan-based Fukoku Mutual Life Ins has invested 0.16% in Lam Research Corporation (NASDAQ:LRCX). Lombard Odier Asset Mngmt (Switzerland) stated it has 13,901 shares. Ameriprise Financial stated it has 0.56% in Lam Research Corporation (NASDAQ:LRCX). Ontario – Canada-based Canada Pension Plan Inv Board has invested 0.06% in Lam Research Corporation (NASDAQ:LRCX). Westfield Limited Partnership holds 0.42% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 294,419 shares. Omers Administration Corp invested in 23,200 shares. Highbridge Capital Mgmt Limited Liability has 1,553 shares for 0% of their portfolio. Lord Abbett & Limited Liability Com holds 0.09% or 173,319 shares in its portfolio.

Since September 11, 2017, it had 0 insider purchases, and 10 insider sales for $7.30 million activity. Shares for $2.11 million were sold by ARCHER TIMOTHY.

Analysts expect Lam Research Corporation (NASDAQ:LRCX) to report $3.67 EPS on January, 24.They anticipate $1.43 EPS change or 63.84 % from last quarter’s $2.24 EPS. LRCX’s profit would be $594.33 million giving it 12.84 P/E if the $3.67 EPS is correct. After having $3.46 EPS previously, Lam Research Corporation’s analysts see 6.07 % EPS growth. The stock decreased 0.32% or $0.61 during the last trading session, reaching $188.51. About 2.79M shares traded or 3.24% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since January 14, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 23 analysts covering Lam Research Corporation (NASDAQ:LRCX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Lam Research Corporation has $270 highest and $52 lowest target. $194.05’s average target is 2.94% above currents $188.51 stock price. Lam Research Corporation had 69 analyst reports since September 17, 2015 according to SRatingsIntel. The rating was upgraded by Nomura to “Buy” on Thursday, December 7. The firm has “Buy” rating by Goldman Sachs given on Monday, December 19. The firm has “Buy” rating by Citigroup given on Friday, August 12. As per Tuesday, October 17, the company rating was maintained by RBC Capital Markets. On Friday, June 16 the stock rating was maintained by Needham with “Buy”. B. Riley & Co maintained the shares of LRCX in report on Thursday, July 27 with “Buy” rating. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Thursday, October 20 by B. Riley & Co. The rating was maintained by Needham with “Buy” on Friday, October 9. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Monday, November 21 by Stifel Nicolaus. Bank of America maintained the shares of LRCX in report on Wednesday, October 18 with “Buy” rating.

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 $30.53 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 17.21 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: Seekingalpha.com, which released: “Dinner With Lam Research” on January 04, 2018. Benzinga.com‘s article titled: “Vetr Crowd Downgrades Lam Research” and published on January 11, 2018 is yet another important article.

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