Cypress Funds LLC Upped Its Holding in Lam Research Corp (LRCX) by $40.40 Million as Share Price Rose

January 16, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2. It increased, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Pggm Invs holds 0.09% or 102,214 shares in its portfolio. Badgley Phelps And Bell invested in 1.07% or 78,359 shares. Zacks holds 0.42% or 95,972 shares. Dekabank Deutsche Girozentrale holds 206,554 shares. Synovus Corporation reported 4,037 shares. Oaktop Capital Mgmt Ii Limited Partnership owns 9.11% invested in Lam Research Corporation (NASDAQ:LRCX) for 294,504 shares. Gsa Capital Prtnrs Llp holds 0.08% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 6,000 shares. Ashfield Capital Ptnrs Lc accumulated 1,318 shares. Banque Pictet & Cie Sa invested in 43,455 shares. Lsv Asset Management accumulated 2.36M shares. Mason Street Advsrs Llc has invested 0.1% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). United Fire Grp Inc Inc has 0.35% invested in Lam Research Corporation (NASDAQ:LRCX) for 5,625 shares. Manchester Limited Liability reported 1,459 shares or 0.04% of all its holdings. Artemis Inv Ltd Liability Partnership holds 0.48% or 127,121 shares in its portfolio. Endowment Management LP invested 0.07% in Lam Research Corporation (NASDAQ:LRCX).

Since September 11, 2017, it had 0 insider buys, and 10 selling transactions for $7.30 million activity. On Tuesday, September 12 ARCHER TIMOTHY sold $1.49M worth of Lam Research Corporation (NASDAQ:LRCX) or 8,691 shares.

Cypress Funds Llc increased its stake in Lam Research Corp (LRCX) by 525% based on its latest 2017Q3 regulatory filing with the SEC. Cypress Funds Llc bought 218,400 shares as the company’s stock rose 32.64% with the market. The hedge fund held 260,000 shares of the industrial machinery and components company at the end of 2017Q3, valued at $48.11M, up from 41,600 at the end of the previous reported quarter. Cypress Funds Llc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $30.53 billion market cap company. The stock decreased 0.32% or $0.61 during the last trading session, reaching $188.51. About 2.79M shares traded or 3.24% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since January 16, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

More important recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Nasdaq.com which released: “Zacks.com highlights: Rice Midstream Partners, Jacobs Engineering Group, Lam …” on January 15, 2018, also Nasdaq.com published article titled: “5 Reasons Why You Should Buy Lam Research (LRCX) Stock Now”, Seekingalpha.com published: “Dinner With Lam Research” on January 04, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) was released by: Benzinga.com and their article: “Vetr Crowd Downgrades Lam Research” with publication date: January 11, 2018.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 23 analysts covering Lam Research Corporation (NASDAQ:LRCX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Lam Research Corporation has $270 highest and $52 lowest target. $194.05’s average target is 2.94% above currents $188.51 stock price. Lam Research Corporation had 69 analyst reports since September 17, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 13. Needham maintained it with “Buy” rating and $145 target in Thursday, January 26 report. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, October 22. RBC Capital Markets has “Underperform” rating and $56.0 target. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, October 18 report. The firm earned “Buy” rating on Monday, June 5 by UBS. The firm has “Neutral” rating by Susquehanna given on Monday, September 21. The firm has “Neutral” rating given on Thursday, August 3 by Citigroup. The firm earned “Sector Weight” rating on Wednesday, October 12 by Pacific Crest. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) on Monday, June 5 with “Buy” rating.

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