As Lam Research Corp (LRCX) Stock Price Rose, Citadel Advisors LLC Lifted Holding

April 20, 2018 - By Nellie Frank

Lam Research Corporation (NASDAQ:LRCX) LogoInvestors sentiment increased to 1.08 in Q4 2017. Its up 0.06, from 1.02 in 2017Q3. It improved, as 40 investors sold LRCX shares while 262 reduced holdings. 112 funds opened positions while 215 raised stakes. 140.89 million shares or 3.74% less from 146.35 million shares in 2017Q3 were reported. Liberty Mutual Gru Asset holds 6,475 shares. Gateway Inv Advisers Ltd Liability holds 0.07% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 43,196 shares. State Of Tennessee Treasury Department holds 0.31% in Lam Research Corporation (NASDAQ:LRCX) or 374,959 shares. United Capital Fin Advisers Llc reported 0.02% stake. Camarda Fincl Advsrs Lc reported 8,161 shares stake. The New York-based Tiaa Cref Investment Limited Liability Com has invested 0.13% in Lam Research Corporation (NASDAQ:LRCX). Asset Management invested 0.13% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Fmr Limited Liability Co holds 0.11% or 5.09M shares. Virtus Invest Advisers has 33,758 shares for 0.32% of their portfolio. Gargoyle Invest Advisor Lc, New Jersey-based fund reported 28,626 shares. Bancorporation Of America Corp De owns 0.05% invested in Lam Research Corporation (NASDAQ:LRCX) for 1.58M shares. Rafferty Asset Mgmt Ltd Liability Corporation reported 0.3% in Lam Research Corporation (NASDAQ:LRCX). Korea Invest Corporation holds 182,609 shares. Monetary Management Gru Inc reported 0.05% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Cypress Mgmt Limited Liability Com invested 0.23% of its portfolio in Lam Research Corporation (NASDAQ:LRCX).

Since October 17, 2017, it had 0 buys, and 8 selling transactions for $20.21 million activity. $390,194 worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by O’Dowd Sarah A. On Friday, March 9 ARCHER TIMOTHY sold $1.39M worth of Lam Research Corporation (NASDAQ:LRCX) or 6,465 shares. LORD PATRICK J sold $987,770 worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, March 8. $5.47M worth of stock was sold by Varadarajan Seshasayee on Tuesday, January 23. Gottscho Richard A sold 16,866 shares worth $3.54 million. 11,200 shares were sold by Anstice Martin B, worth $2.52 million on Wednesday, March 21.

Ken Griffin increased its stake in Lam Research Corp (LRCX) by 1182.5% based on its latest 2017Q4 regulatory filing with the SEC. Citadel Advisors Llc bought 2.69M shares as the company’s stock rose 8.53% while stock markets declined. The hedge fund run by Ken Griffin held 2.92 million shares of the industrial machinery and components company at the end of 2017Q4, valued at $537.29 million, up from 227,600 at the end of the previous reported quarter. Citadel Advisors Llc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $31.27B market cap company. The stock increased 0.80% or $1.52 during the last trading session, reaching $191.91. About 4.81M shares traded or 18.70% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 58.54% since April 20, 2017 and is uptrending. It has outperformed by 46.99% the S&P500.

Citadel Advisors Llc, which manages about $164.31B US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 3.30M shares to 613,459 shares, valued at $105.78 million in 2017Q4, according to the filing. It also reduced its holding in C H Robinson Worldwide Inc (NASDAQ:CHRW) by 76,232 shares in the quarter, leaving it with 38,168 shares, and cut its stake in Honeywell Intl Inc (NYSE:HON).

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 16 analysts covering Lam Research (NASDAQ:LRCX), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Lam Research had 22 analyst reports since November 14, 2017 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Wednesday, March 7 with “Overweight”. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Tuesday, March 6 by Susquehanna. The company was maintained on Wednesday, November 15 by RBC Capital Markets. Morgan Stanley maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, January 25 with “Overweight” rating. Stifel Nicolaus maintained the shares of LRCX in report on Thursday, January 25 with “Buy” rating. On Thursday, January 25 the stock rating was maintained by Berenberg with “Buy”. The firm has “Buy” rating given on Thursday, January 25 by Needham. Susquehanna upgraded Lam Research Corporation (NASDAQ:LRCX) on Tuesday, January 16 to “Positive” rating. On Wednesday, January 24 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. On Thursday, January 25 the stock rating was maintained by JP Morgan with “Overweight”.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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