Lam Research Corp (NASDAQ:LRCX).
Raymond James & Associates reports that it increased its investment in Lam Research Corp shares by 18.9% in its quarterly SEC filing. Its stake stood at $25,302,000 an increase of 55.6% according to the filing.
Several firms have shifted positions in (LRCX). Omers Administration Corp bolstered its ownership by buying 8,900 shares an increase of 62.2% from 06/30/2017 to 09/30/2017. Omers Administration Corp now holds 23,200 shares worth $4,293,000. The value of the position overall is up by 112.3%. As of quarter end Tredje Ap-fonden had sold a total of 80 shares trimming its holdings by 0.4%. The value of the investment in LRCX increased from $3,186,000 to $4,164,000 a change of 30.7% for the reporting period.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired 1,228 shares growing its stake by 10.2%. The value of the investment in (LRCX) went from $1,695,000 to $2,445,000 increasing 44.2% quarter over quarter.
Equity analyst Argus raised the price target of the stock on October 19 changing the price objective from $196.00 to $225.00 and issued a “Buy” recommendation. October 19 investment analysts at Berenberg Bank held the stock rating at “Buy” with a current price target of $240.00.
Needham & Company LLC raised the price target on October 19 boosting the projection from $220.00 to $235.00 with a “Buy” recommendation. October 18 investment analysts at DA Davidson reiterated a “Buy” rating on the stock.
Equity analyst Royal Bank Of Canada raised the price target on October 18 changing the forecast from $185.00 to $210.00 and issued a “Outperform” rating. On October 18 KeyCorp left the stock rating at “Buy” projecting a price of $225.00.
The company is so far trading up by 0.40% since yesterday’s close of 208.64. The P/E ratio is 19.12 and the market value is 33.92B. As of the last earnings report the EPS was $10.95 with 161.95M shares outstanding.
Investors are feeling more bullish on the company lately if you take note of the downtick in short interest. The stock saw a fall in short interest of -0.33% between September 29, 2017 and October 13, 2017. Short shares decreased from 10,696,279 to 10,661,390 over that period. With short interest at 10,661,390 and short average daily volume at 1,655,859, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.07% as of October 13.