Lam Research Corp (LRCX) Market Valuation Rose While Voya Investment Management LLC Raised Position

June 13, 2018 - By James Macaulay

Lam Research Corporation (NASDAQ:LRCX) LogoInvestors sentiment increased to 1.1 in Q1 2018. Its up 0.02, from 1.08 in 2017Q4. It improved, as 62 investors sold LRCX shares while 259 reduced holdings. 131 funds opened positions while 223 raised stakes. 138.23 million shares or 1.88% less from 140.89 million shares in 2017Q4 were reported. Emerald Advisers Inc Pa owns 4,330 shares or 0.04% of their US portfolio. Commonwealth Bancorporation Of Aus has 12,461 shares. Advantus Cap Mgmt holds 0.09% or 16,756 shares. Voya Invest Mgmt Limited Liability Corp reported 0.98% in Lam Research Corporation (NASDAQ:LRCX). Public Employees Retirement Association Of Colorado holds 0.04% or 29,547 shares in its portfolio. Commerzbank Aktiengesellschaft Fi has 0.07% invested in Lam Research Corporation (NASDAQ:LRCX). Westpac Bk Corporation reported 0% in Lam Research Corporation (NASDAQ:LRCX). Barclays Public Ltd has invested 0.06% in Lam Research Corporation (NASDAQ:LRCX). Reilly Advisors Limited Company, California-based fund reported 300 shares. Koshinski Asset Mgmt holds 12,117 shares or 0.76% of its portfolio. The Massachusetts-based Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma has invested 0% in Lam Research Corporation (NASDAQ:LRCX). State Treasurer State Of Michigan, a Michigan-based fund reported 47,960 shares. Van Eck Assocs holds 239,817 shares or 0.24% of its portfolio. Advsr Ok reported 3,000 shares. New York State Teachers Retirement System stated it has 0.14% in Lam Research Corporation (NASDAQ:LRCX).

Since January 23, 2018, it had 0 insider buys, and 12 selling transactions for $28.53 million activity. Anstice Martin B sold $2.52 million worth of stock or 11,200 shares. O’Dowd Sarah A also sold $390,194 worth of Lam Research Corporation (NASDAQ:LRCX) shares. 16,866 shares valued at $3.54M were sold by Gottscho Richard A on Wednesday, March 7. Varadarajan Seshasayee had sold 25,453 shares worth $5.47M on Tuesday, January 23. Another trade for 4,656 shares valued at $987,770 was made by LORD PATRICK J on Thursday, March 8.

Voya Investment Management Llc increased its stake in Lam Research Corp (LRCX) by 58.02% based on its latest 2018Q1 regulatory filing with the SEC. Voya Investment Management Llc bought 830,245 shares as the company’s stock rose 1.81% while stock markets declined. The institutional investor held 2.26 million shares of the industrial machinery and components company at the end of 2018Q1, valued at $459.39M, up from 1.43M at the end of the previous reported quarter. Voya Investment Management Llc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $30.64 billion market cap company. The stock decreased 0.09% or $0.17 during the last trading session, reaching $186.76. About 697,898 shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 31.27% since June 13, 2017 and is uptrending. It has outperformed by 18.70% the S&P500.

Voya Investment Management Llc, which manages about $84.40 billion and $46.89 billion US Long portfolio, decreased its stake in Synchrony Finl (NYSE:SYF) by 514,596 shares to 380,447 shares, valued at $12.76M in 2018Q1, according to the filing. It also reduced its holding in Cornerstone Ondemand Inc (NASDAQ:CSOD) by 215,105 shares in the quarter, leaving it with 296,382 shares, and cut its stake in Knight Swift Transn Hldgs In.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Nasdaq.com which released: “4 Notable Dividend Increases From the Past Week — Including Lam Research Corproation” on May 21, 2018, also Benzinga.com with their article: “BofA Highlights The Most ‘Underowned’ Semi Stocks” published on June 12, 2018, Investorplace.com published: “5 Top Stock Trades for Tuesday Morning” on June 11, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Nasdaq.com and their article: “Lam Research Corporation Stock Is Falling, But It’s a Knife I Can Confidently Catch!” published on June 07, 2018 as well as Investorplace.com‘s news article titled: “7 ‘Super Cheap’ Stocks With Monster Upside” with publication date: June 11, 2018.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 19 analysts covering Lam Research (NASDAQ:LRCX), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. Lam Research had 27 analyst reports since January 16, 2018 according to SRatingsIntel. The company was maintained on Wednesday, April 18 by Goldman Sachs. Stifel Nicolaus maintained the shares of LRCX in report on Thursday, January 25 with “Buy” rating. The company was maintained on Wednesday, April 18 by Stifel Nicolaus. As per Thursday, April 12, the company rating was maintained by KeyBanc Capital Markets. Bank of America maintained Lam Research Corporation (NASDAQ:LRCX) on Sunday, June 10 with “Buy” rating. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Citigroup on Monday, May 14. On Friday, May 18 the stock rating was maintained by Mizuho with “Buy”. Credit Suisse maintained the shares of LRCX in report on Wednesday, April 18 with “Outperform” rating. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by B. Riley & Co on Wednesday, April 18. The stock has “Buy” rating by Cowen & Co on Tuesday, May 15.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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