Lam Research Corp: Ameriprise Financial Inc Makes Purchase

February 15, 2018 - By Vivian Currie

 Lam Research Corp: Ameriprise Financial Inc Makes Purchase

Investors sentiment increased to 1.02 in Q3 2017. 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.

Chilton Capital Management Lc holds 0.03% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 1,424 shares. First Foundation Advsrs stated it has 1,517 shares. Hillsdale Investment Inc stated it has 0.1% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Ledyard Bancorp reported 0% in Lam Research Corporation (NASDAQ:LRCX). Cornerstone Cap Management Llc stated it has 0.33% in Lam Research Corporation (NASDAQ:LRCX). Walleye Trading Ltd Limited Liability Company holds 0.02% or 25,281 shares. Peregrine Asset Advisers Inc accumulated 58,190 shares. Dnb Asset Mgmt As accumulated 124,437 shares or 0.31% of the stock. Central Asset Mngmt (Hk) holds 1.44% or 11,340 shares in its portfolio. Seatown Hldgs Pte Limited holds 1.34% or 99,839 shares in its portfolio. Fmr Ltd Llc reported 7.99M shares. Mariner Wealth Advisors Ltd reported 0.13% stake. Bp Plc reported 20,000 shares or 0.13% of all its holdings. Cap One Association, a New York-based fund reported 1,607 shares. Crosslink Capital Incorporated holds 2.74% or 87,093 shares.

Since September 11, 2017, it had 0 insider buys, and 11 insider sales for $12.77 million activity. The insider NEWBERRY STEPHEN G sold $135,000. $5.47M worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by Varadarajan Seshasayee.

The New Ameriprise Financial Inc Holding in Lam Research Corp

Ameriprise Financial Inc reported SC 13G/A form with the SEC for Lam Research Corp. Access it here: 000119312518045357. As reported by Ameriprise Financial Inc, the filler owns 3.17% or 6,066,006 shares of the Information Technology–company.

Lam Research Corp stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Lam Research Corp.

Lam Research Corp Institutional Sentiment

Filings show 479 investors own Lam Research Corp. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 12644. 155816493 were owned by these investors. 68 funds opened new Lam Research Corp stakes, 188 increased positions. There were 66 that closed positions and 160 reduced them.

8 investors had the stock in their top 10. Some are: Cypress Funds Llc, Dana Investment Advisors Inc., Gargoyle Investment Advisor L.L.C., Marvin & Palmer Associates Inc, Pinnacle Associates Ltd, Cornercap Investment Counsel Inc, Horizon Investment Services Llc, Oaktop Capital Management Ii L.P., Peregrine Asset Advisers Inc., Ccm Investment Advisers Llc..

Eventide Asset Management Llc is an investor bullish on Lam Research Corp, owning 662625 shares as of Q3 2015 for 2.52% of its portfolio. Quentec Asset Management Llc owns 226688 shares or 2.55% of its portfolio. NY Pinnacle Associates Ltd have 2.11% of its portfolio for 1459315 shares. Further, Oaktop Capital Management Ii Lp reported stake worth 4.32% of its portfolio. The FL Rgm Capital Llc owns 1124375 shares. Lam Research Corp is 9.81% of its portfolio.

Business Profile

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. Its products are designed to enable its customers build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. It offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean.

SEC Form 13G.

The stock increased 0.11% or $0.2101 during the last trading session, reaching $183.2201. About 2.47M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since February 15, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

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 $29.86 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 20.12 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.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation has $270 highest and $52 lowest target. $229.14’s average target is 25.06% above currents $183.2201 stock price. Lam Research Corporation had 79 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Thursday, January 25. The rating was downgraded by Nomura on Thursday, August 11 to “Neutral”. The stock has “Underperform” rating by RBC Capital Markets on Monday, October 5. The firm earned “Buy” rating on Thursday, December 7 by Nomura. On Wednesday, October 18 the stock rating was maintained by Morgan Stanley with “Overweight”. Susquehanna maintained the stock with “Neutral” rating in Monday, September 21 report. On Wednesday, October 12 the stock rating was downgraded by Pacific Crest to “Sector Weight”. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by B. Riley & Co on Wednesday, October 18. UBS maintained the shares of LRCX in report on Tuesday, June 13 with “Buy” rating. The rating was maintained by Needham on Friday, June 16 with “Buy”.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Seekingalpha.com which released: “Lam Research Is Undervalued: Add More Shares Ahead Of Q2” on January 23, 2018, also Benzinga.com with their article: “Susquehanna Upgrades Lam Research On Favorable Industry Outlook” published on January 16, 2018, Nasdaq.com published: “Lam Research Corporation Reports Financial Results for the Quarter Ended …” on January 24, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Seekingalpha.com and their article: “3 Reasons To Buy Lam Research” published on February 02, 2018 as well as Seekingalpha.com‘s news article titled: “Lam Research Is Slowing Down But The Shares Are Still Attractive” with publication date: January 30, 2018.

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