Lam Research Corporation (LRCX): Overbought Stock Of Yesterday

On Thursday, June 1 DILLON JOHN T sold $352,140 worth of Kellogg Company (NYSE:K) or 4,900 shares. That compares with the recent volume average of 1.33 million.

Traders are more bullish on shares of the company of late if you put credence in the downtick in short interest. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since October 18, 2016 and is uptrending. Citigroup Inc. increased their price target on shares of Lam Research Corporation from $175.00 to $200.00 and gave the stock a "neutral" rating in a research report on Wednesday.

About 32,017 shares traded. It is down 25.34% since October 18, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

In recent action, Lam Research Corporation (LRCX) has made a move of +8.49% over the past month, which has come on weak relative transaction volume. Stonebridge Capital Management Inc bought 2,750 shares as the company's stock rose 6.85% with the market. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits. It has a 28 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

More news: Axis Bank shares tumble over 9% after Q2 earnings

Since May 18, 2017, it had 0 insider buys, and 3 insider sales for $4.83 million activity. ARCHER TIMOTHY sold 8,942 shares worth $1.39M. Guidance Software had 18 analyst reports since August 3, 2015 according to SRatingsIntel. Taking a wider view, the current separation from the 52-week high is -4.51%, and the distance from the 52-week low is presently 9.44%.

Shares of Lam Research Corporation (NASDAQ:LRCX) opened at 194.55 on Wednesday. Therefore 86% are positive. WesternOne Inc had 6 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, July 18. Over the trailing year, the stock is underperforming the S&P 500 by 19.33, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. Needham maintained Lam Research Corporation (NASDAQ:LRCX) on Friday, June 16 with "Buy" rating. Looking back further, Lam Research Corporation stock has been 42.87% over the last six months, and 84.01% since the start of the calendar year. Pacific Crest downgraded Lam Research Corporation (NASDAQ:LRCX) on Wednesday, October 12 to "Sector Weight" rating. On Wednesday, October 18 the stock rating was maintained by B. Riley & Co with "Buy".

Investors sentiment decreased to 0.98 in 2017 Q2. Legal General Gru Public Limited Company stated it has 1.34 million shares or 0.08% of all its holdings. It is negative, as 43 investors sold Lam Research Corporation shares while 255 reduced holdings. The shares were sold at an average price of $160.50, for a total value of $120,375.00. Ifc Hldg Incorporated Fl holds 0.1% or 9,516 shares in its portfolio. Breton Hill Cap Ltd invested in 3,211 shares. Hall Laurie J Trustee reported 340 shares stake. Pacad Investment Ltd. raised its position in Lam Research Corporation by 252.5% during the second quarter. Vanguard holds 0.11% or 16.16 million shares. 5,290 were accumulated by Winslow Evans Crocker. Patten And Patten Tn reported 95,481 shares. Its investment was valued at $23,025,822,000 an increase of $20,503,135,000 as of quarter end. Tributary Cap Mgmt Llc reported 0.16% stake. Ltd. now owns 1,100 shares of the semiconductor company's stock valued at $156,000 after acquiring an additional 860 shares in the last quarter. Bluefin Trading Lc has invested 0.75% in Lam Research Corporation (NASDAQ:LRCX). First Houston Cap reported 0.24% stake. 3,939 were reported by Cleararc. For LRCX, the company now has $2.38 Billion of cash on the books, which is offset by $908.44 Million current liabilities. Therefore 73% are positive. The firm has "Outperform" rating by Imperial Capital given on Friday, November 11. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The rating was maintained by Susquehanna on Monday, September 21 with "Neutral". RBC Capital Markets maintained it with "Buy" rating and $18500 target in Thursday, July 27 report. Stifel Nicolaus maintained the shares of LRCX in report on Thursday, October 20 with "Buy" rating. Piper Jaffray maintained Johnson & Johnson (NYSE:JNJ) on Monday, October 2 with "Hold" rating. (NYSE:GIS) puts the stock on today's active list. The firm earned "Market Perform" rating on Monday, January 18 by Wells Fargo.

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