Lam Research Corp: Ameriprise Financial Inc Makes Purchase

February 15, 2018 - By Michael Collier

 Lam Research Corp: Ameriprise Financial Inc Makes Purchase

Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It is positive, 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.

Shelton Cap Management accumulated 33,168 shares or 0.48% of the stock. Stephens Inv Mgmt Gp holds 0.1% or 22,293 shares in its portfolio. 3,433 were reported by Atria Invests Limited Liability Com. Usa Fincl Portformulas holds 23,570 shares. Tci Wealth Advsrs holds 0% or 47 shares. British Columbia Invest Mgmt has 144,227 shares. Wedge Capital Management L L P Nc reported 307,340 shares stake. Conning Inc owns 0.02% invested in Lam Research Corporation (NASDAQ:LRCX) for 3,843 shares. Vident Inv Advisory Limited Company stated it has 15,297 shares. Signalpoint Asset Mngmt Ltd Co owns 5,367 shares or 0.5% of their US portfolio. Bollard Grp Ltd Co reported 700 shares stake. Pathstone Family Office Limited Liability Corp owns 200 shares for 0.03% of their portfolio. Marshall Wace Limited Liability Partnership has 13,747 shares for 0.12% of their portfolio. Fmr Ltd Limited Liability Company holds 7.99 million shares or 0.18% of its portfolio. Td Asset Mgmt owns 139,783 shares for 0.04% of their portfolio.

Since September 11, 2017, it had 0 insider purchases, and 11 insider sales for $12.77 million activity. Varadarajan Seshasayee sold $5.47 million worth of stock or 25,453 shares. 8,691 shares were sold by ARCHER TIMOTHY, worth $1.49M on Tuesday, September 12.

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 2.47 million 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 earned “Buy” rating on Thursday, January 25 by Berenberg. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by RBC Capital Markets on Monday, October 2. The firm has “Buy” rating given on Thursday, January 25 by RBC Capital Markets. Cowen & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, July 27 with “Buy” rating. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) on Wednesday, November 15 with “Buy” rating. On Thursday, April 21 the stock rating was maintained by B. Riley & Co with “Buy”. The firm earned “Buy” rating on Tuesday, June 13 by UBS. Susquehanna upgraded the stock to “Positive” rating in Tuesday, January 16 report. The company was maintained on Thursday, January 25 by Susquehanna. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by B. Riley & Co on Thursday, August 10.

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

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