Lam Research Corporation (LRCX) Analysts See $3.26 EPS

September 17, 2017 - By Adrian Mccoy

 Lam Research Corporation (LRCX) Analysts See $3.26 EPS
Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.20, from 1.18 in 2016Q3. It worsened, as 39 investors sold Lam Research Corporation shares while 225 reduced holdings. 80 funds opened positions while 178 raised stakes. 159.58 million shares or 7.34% less from 172.22 million shares in 2016Q3 were reported.
Harris Associate Ltd Partnership has 0% invested in Lam Research Corporation (NASDAQ:LRCX). Legacy Private holds 0.07% or 4,890 shares. Moreover, Whittier Com Of Nevada Inc has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX) for 1,274 shares. Northwestern Mutual Wealth reported 0% stake. Nomura holds 0.01% or 19,418 shares. Da Davidson And reported 0.05% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Commonwealth Equity Svcs holds 0.01% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 10,895 shares. Princeton Alpha Management Limited Partnership has invested 0.33% in Lam Research Corporation (NASDAQ:LRCX). Pacad Inv invested in 0.14% or 10,600 shares. Peak6 Lp owns 119,335 shares. Allianz Asset Management Ag holds 1.96 million shares. Jefferies Group Ltd Liability Co accumulated 1,082 shares. Kames Cap Public Ltd Com holds 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 34,474 shares. 9,334 were reported by Commonwealth Of Pennsylvania School Empls Retrmt. Franklin Resources Incorporated reported 1.46M shares or 0.08% of all its holdings.

Since March 16, 2017, it had 0 buys, and 4 selling transactions for $5.36 million activity. NEWBERRY STEPHEN G sold 20,047 shares worth $3.01 million. Gottscho Richard A sold 80,009 shares worth $9.96 million. 2,770 shares valued at $430,320 were sold by LORD PATRICK J on Tuesday, June 13.

Analysts expect Lam Research Corporation (NASDAQ:LRCX) to report $3.26 EPS on October, 18.They anticipate $1.45 EPS change or 80.11 % from last quarter’s $1.81 EPS. LRCX’s profit would be $529.55M giving it 13.27 P/E if the $3.26 EPS is correct. After having $3.11 EPS previously, Lam Research Corporation’s analysts see 4.82 % EPS growth. The stock increased 0.24% or $0.41 on September 15, reaching $172.99. About 2.69 million shares traded or 36.55% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since September 17, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 19 analysts covering Lam Research Corporation (NASDAQ:LRCX), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Lam Research Corporation had 53 analyst reports since September 17, 2015 according to SRatingsIntel. Pacific Crest upgraded Lam Research Corporation (NASDAQ:LRCX) on Thursday, March 16 to “Overweight” rating. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Neutral” rating by Nomura on Thursday, August 11. CLSA upgraded the stock to “Buy” rating in Friday, September 25 report. As per Friday, June 16, the company rating was maintained by Needham. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Underperform” rating by RBC Capital Markets on Thursday, October 22. As per Thursday, December 10, the company rating was maintained by Cowen & Co. The stock has “Buy” rating by B. Riley & Co on Thursday, July 27. The firm earned “Outperform” rating on Monday, May 16 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 13. The firm has “Buy” rating given on Thursday, October 22 by B. Riley & Co.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has market cap of $28.10 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 18.79 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Nasdaq.com which released: “Zacks.com featured highlights include Owens Corning, Lam Research, Juniper …” on September 01, 2017, also Globenewswire.com with their article: “Lam Research Corporation Announces Participation at Upcoming Conference” published on August 30, 2017, Seekingalpha.com published: “Lam Research Just Disclosed A New Material Risk – China” on August 21, 2017. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Nasdaq.com and their article: “Here’s Why You Should Buy Lam Research (LRCX) Stock Now” published on September 13, 2017 as well as Nasdaq.com‘s news article titled: “Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for September 12, 2017” with publication date: September 11, 2017.

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