This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. For LRCX, the company now has 2.41 billion of cash on the books, which is offset by 639.91 million in current liabilities. The Stock now has a Weekly Volatility of 6.03% and Monthly Volatility of 3.05%. About 3.63M shares traded or 52.17% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since December 6, 2016 and is uptrending.
Public Sector Pension Investment Board increased Agrium Inc (AGU) stake by 23.35% reported in 2017Q2 SEC filing. Seshasayee Varadarajan has seen steady activity on the sell side, and on November 28, 2017, executed an option to sell 592 shares. The company's quarterly EPS surprised Wall Street by as much as 5% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.
The market capitalization of Lam Research Corporation is at $29.59 Billion. Nordea Investment Management AB now owns 1,575,269 shares of the semiconductor company's stock valued at $291,488,000 after acquiring an additional 626,034 shares in the last quarter. SNMN's SI was 1.05 million shares in December as released by FINRA. It last reported revenues of $276.34 million and EPS of $0.11 for the September 2017, representing -13% top-line growth and 0.26 EPS growth. Its down 0.14, from 1.12 in 2017Q1. It turned negative, as 43 investors sold LRCX shares while 255 reduced holdings. American Century Companies Inc. grew its position in shares of Lam Research by 7.8% in the second quarter. Bluefin Trading Ltd owns 48,952 shares or 0.75% of their United States portfolio. First Houston Capital stated it has 1,700 shares or 0.24% of all its holdings. Goldman Sachs Group Inc Incorporated owns 1.85 million shares or 0.07% of their USA portfolio. Loomis Sayles & Com Lp accumulated 47 shares. Enterprise Financial Svcs Corp has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX) for 106 shares. The portion of a company's profit allocated to each outstanding share of common stock was $0.87 a share in the trailing twelve months. Salem Inv Counselors Inc has invested 0% in Lam Research Corporation (NASDAQ:LRCX). Fjarde Ap has 39,857 shares for 0.11% of their portfolio. Mckinley Cap Mgmt Ltd Delaware reported 229,266 shares. Schwab Charles Mngmt, a California-based fund reported 530,597 shares. 1,789 were reported by Wetherby Asset. Veritable LP has invested 0.02% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). It also increased its holding in Cirrus Logic Inc (NASDAQ:CRUS) by 29,707 shares in the quarter, for a total of 37,532 shares, and has risen its stake in Primerica Inc (NYSE:PRI). The insider ARCHER TIMOTHY sold $1.39 million. Lam Research Corporation (LRCX) now trades with a market capitalization of $29.59 Billion.
Lam Research (NASDAQ:LRCX) last released its earnings results on Tuesday, April 18th. Nasdaq.com's news article titled: "Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for December 05, 2017" with publication date: December 04, 2017 was also an interesting one.
Lam Research Corporation was covered by a number of analysts recently, 6 rated the stock as Buy, 9 rated Outperform, 3 rated Hold, 0 gave an Underperform and 0 rated sell. Therefore 86% are positive. Lam Research's revenue was up 51.8% compared to the same quarter last year. analysts forecast that Lam Research Corporation will post 14.74 EPS for the current year. The company was maintained on Thursday, August 10 by B. Riley & Co. Lam Research Corporation's beta is 1.62 whilst the stock has an average true range (ATR) of 7.43. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Buy" rating by UBS on Tuesday, June 13. Credit Suisse maintained the stock with "Buy" rating in Wednesday, October 18 report. ValuEngine lowered shares of Lam Research from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 1st. The rating was maintained by Cowen & Co with "Outperform" on Wednesday, October 21.
The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. Analysts reported that the Price Target for Lam Research Corporation might touch $270 high while the Average Price Target and Low price Target is $225.42 and $150 respectively. They expect $3.67 earnings per share, up 63.84% or $1.43 from last year's $2.24 per share. On average, equities analysts forecast that Lam Research will post $9.88 earnings per share for the current year. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. The rating was maintained by Cowen & Co on Thursday, December 10 with "Outperform". The rating was upgraded by Goldman Sachs to "Buy" on Monday, December 19.
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