Analysts See $3.26 EPS for Lam Research Corporation (LRCX)

September 17, 2017 - By Marry Poplack

 Analysts See $3.26 EPS for Lam Research Corporation (LRCX)
Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.20, from 1.18 in 2016Q3. It dropped, 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.
Murphy Cap Management reported 6,500 shares or 0.11% of all its holdings. Dubuque Comml Bank & Co invested in 0% or 155 shares. Glaxis Cap Mngmt Limited Liability Corp has 41,680 shares for 12.32% of their portfolio. Iberiabank accumulated 5,613 shares. Arrowgrass Ptnrs (Us) Ltd Partnership has invested 0% in Lam Research Corporation (NASDAQ:LRCX). Hanson Mcclain, a California-based fund reported 40 shares. Pub Employees Retirement Association Of Colorado accumulated 0.03% or 31,701 shares. Tcw has invested 0.03% in Lam Research Corporation (NASDAQ:LRCX). Alphaone Svcs Lc accumulated 3,540 shares. Ssi Invest Mngmt stated it has 0.02% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Herndon Management Ltd Liability Co stated it has 65 shares. Cibc Ww Markets holds 11,981 shares or 0.01% of its portfolio. Moreover, Cambridge Investment has 0.02% invested in Lam Research Corporation (NASDAQ:LRCX). 11,450 were reported by Gam Holdings Ag. Glob X Co Ltd Limited Liability Company reported 0.01% stake.

Since March 16, 2017, it had 0 insider purchases, and 4 sales for $5.36 million activity. Another trade for 80,009 shares valued at $9.96M was made by Gottscho Richard A on Thursday, March 16. Another trade for 4,223 shares valued at $528,931 was made by ARCHER TIMOTHY on Thursday, March 23. The insider NEWBERRY STEPHEN G sold 20,047 shares worth $3.01M.

Investors wait Lam Research Corporation (NASDAQ:LRCX) to report on October, 18. its quarterly earnings Wall Street analysts expect $3.26 EPS, up $1.45 or 80.11 % from last year’s $1.81 same quarter earnings. This translates into $529.55M profit for LRCX giving the stock a 13.27 P/E. This is assuming the current $3.26 EPS is accurate. Lam Research Corporation’s Wall Street analysts see 4.82 % EPS growth, taking into account the $3.11 EPS reproted in the previous quarter, 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. Stifel Nicolaus maintained it with “Buy” rating and $110 target in Thursday, October 20 report. B. Riley & Co maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, August 10. B. Riley & Co has “Buy” rating and $22000 target. The firm earned “Sector Weight” rating on Wednesday, October 12 by Pacific Crest. The stock has “Neutral” rating by Susquehanna on Monday, September 21. The company was reinitiated on Tuesday, October 25 by Goldman Sachs. The firm has “Outperform” rating given on Thursday, January 26 by Cowen & Co. The rating was maintained by Needham with “Buy” on Thursday, July 27. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by RBC Capital Markets on Monday, June 5. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Needham on Friday, October 9. The firm has “Buy” rating by Needham given on Friday, June 16.

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: Benzinga.com which released: “Lam Research On The Cusp Of Healthy Chip Industry Environment; Argus Initiates …” on September 12, 2017, also Nasdaq.com with their article: “Zacks.com featured highlights include Owens Corning, Lam Research, Juniper …” published on September 01, 2017, Nasdaq.com published: “Here’s Why You Should Buy Lam Research (LRCX) Stock Now” on September 13, 2017. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Nasdaq.com and their article: “Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for September 12, 2017” published on September 11, 2017 as well as Globenewswire.com‘s news article titled: “Lam Research Corporation Announces Participation at Upcoming Conference” with publication date: August 30, 2017.

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