Clark Capital Management Group Decreased By $2.76 Million Its Lam Research (LRCX) Stake; First Financial Bankshares (FFIN) Has 1.64 Sentiment

November 14, 2017 - By Linda Rogers

Clark Capital Management Group Inc decreased Lam Research Corp (LRCX) stake by 16.38% reported in 2017Q2 SEC filing. Clark Capital Management Group Inc sold 19,549 shares as Lam Research Corp (LRCX)’s stock rose 32.64%. The Clark Capital Management Group Inc holds 99,770 shares with $14.11 million value, down from 119,319 last quarter. Lam Research Corp now has $33.73 billion valuation. The stock declined 0.45% or $0.94 reaching $208.29 per share. About 506,768 shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since November 14, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

First Financial Bankshares, Inc. is a financial holding company. The company has market cap of $2.92 billion. The Company, through its subsidiaries, conducts commercial banking business. It has a 26.39 P/E ratio. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc., Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc., Abilene, Texas, and First Financial Insurance Agency, Inc., Abilene, Texas.

Clark Capital Management Group Inc increased American Express Co (NYSE:AXP) stake by 84,653 shares to 277,008 valued at $23.34M in 2017Q2. It also upped Express Scripts Hldg Co (NASDAQ:ESRX) stake by 130,444 shares and now owns 135,671 shares. Ingredion Inc (NYSE:INGR) was raised too.

Among 21 analysts covering Lam Research Corporation (NASDAQ:LRCX), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Lam Research Corporation had 64 analyst reports since September 17, 2015 according to SRatingsIntel. Citigroup maintained Lam Research Corporation (NASDAQ:LRCX) rating on Friday, August 12. Citigroup has “Buy” rating and $102 target. On Monday, June 5 the stock rating was maintained by UBS with “Buy”. The rating was downgraded by Pacific Crest on Wednesday, October 12 to “Sector Weight”. The firm earned “Underperform” rating on Monday, October 5 by RBC Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 20. On Tuesday, June 13 the stock rating was maintained by UBS with “Buy”. Needham maintained the shares of LRCX in report on Thursday, January 26 with “Buy” rating. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Thursday, July 27 by B. Riley & Co. The firm earned “Overweight” rating on Wednesday, October 18 by Morgan Stanley. The stock has “Outperform” rating by Cowen & Co on Thursday, December 10.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 24. They expect $3.67 EPS, up 63.84% or $1.43 from last year’s $2.24 per share. LRCX’s profit will be $594.31M for 14.19 P/E if the $3.67 EPS becomes a reality. After $3.46 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 6.07% EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.14, from 1.12 in 2017Q1. It fall, as 43 investors sold LRCX shares while 255 reduced holdings. 110 funds opened positions while 182 raised stakes. 149.22 million shares or 7.19% less from 160.77 million shares in 2017Q1 were reported. Eaton Vance Management has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX). Highvista Strategies Ltd Company reported 0.77% stake. The Massachusetts-based Loomis Sayles & LP has invested 0% in Lam Research Corporation (NASDAQ:LRCX). Gmt Capital accumulated 365,700 shares or 1.16% of the stock. Manchester Capital Management Limited Liability Corp reported 0.03% in Lam Research Corporation (NASDAQ:LRCX). Frontier Management Lc reported 549,786 shares. State Of Alaska Department Of Revenue holds 0.02% or 2,084 shares. Vident Invest Advisory Ltd Liability Co reported 21,859 shares stake. The Korea-based Pension Service has invested 0.14% in Lam Research Corporation (NASDAQ:LRCX). Koch Inc reported 0.08% in Lam Research Corporation (NASDAQ:LRCX). Oak Associate Oh, Ohio-based fund reported 9,255 shares. 60,300 are held by Twin Cap Mngmt. Glg Prtn Ltd Partnership owns 39,310 shares. Btc Capital Management Inc reported 0.8% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Benjamin F Edwards And reported 138 shares stake.

Since May 18, 2017, it had 0 buys, and 2 insider sales for $1.82 million activity. On Monday, June 12 the insider ARCHER TIMOTHY sold $1.39 million. Shares for $3.01M were sold by NEWBERRY STEPHEN G on Thursday, May 18. $430,320 worth of stock was sold by LORD PATRICK J on Tuesday, June 13.

About 36,747 shares traded. First Financial Bankshares Inc (FFIN) has risen 20.42% since November 14, 2016 and is uptrending. It has outperformed by 3.72% the S&P500.

Kayne Anderson Rudnick Investment Management Llc holds 0.45% of its portfolio in First Financial Bankshares Inc for 1.01 million shares. Champlain Investment Partners Llc owns 759,278 shares or 0.41% of their US portfolio. Moreover, Eulav Asset Management has 0.23% invested in the company for 104,548 shares. The New York-based Neuberger Berman Group Llc has invested 0.22% in the stock. Terril Brothers Inc., a Missouri-based fund reported 8,000 shares.

Analysts await First Financial Bankshares Inc (NASDAQ:FFIN) to report earnings on January, 25. They expect $0.44 EPS, up 10.00% or $0.04 from last year’s $0.4 per share. FFIN’s profit will be $29.17 million for 25.03 P/E if the $0.44 EPS becomes a reality. After $0.44 actual EPS reported by First Financial Bankshares Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since January 1, 0001, it had 2 insider buys, and 2 insider sales for $13,812 activity.

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