Capital Investment Counsel Has Increased Its International Business Machs (IBM) Position by $573,330; Private Trust Co Has Raised Stake in Lam Research Corp. (LRCX) by $316,848

February 18, 2018 - By Hazel Jackson

Capital Investment Counsel Inc increased its stake in International Business Machs (IBM) by 50.93% based on its latest 2017Q3 regulatory filing with the SEC. Capital Investment Counsel Inc bought 3,954 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 11,717 shares of the computer manufacturing company at the end of 2017Q3, valued at $1.70 million, up from 7,763 at the end of the previous reported quarter. Capital Investment Counsel Inc who had been investing in International Business Machs for a number of months, seems to be bullish on the $144.59 billion market cap company. The stock increased 0.11% or $0.17 during the last trading session, reaching $156.18. About 4.28M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 18, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Private Trust Co increased its stake in Lam Research Corp. (LRCX) by 52.06% based on its latest 2017Q3 regulatory filing with the SEC. Private Trust Co bought 1,722 shares as the company’s stock rose 32.64% with the market. The institutional investor held 5,030 shares of the industrial machinery and components company at the end of 2017Q3, valued at $930,000, up from 3,308 at the end of the previous reported quarter. Private Trust Co who had been investing in Lam Research Corp. for a number of months, seems to be bullish on the $30.62 billion market cap company. The stock increased 1.18% or $2.2 during the last trading session, reaching $187.91. About 4.34 million shares traded or 20.33% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since February 18, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Drexel Hamilton given on Friday, October 9. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, October 5. The rating was maintained by Citigroup on Wednesday, October 21 with “Neutral”. The firm has “Overweight” rating by Morgan Stanley given on Thursday, February 18. The firm earned “Neutral” rating on Tuesday, July 19 by Citigroup. As per Tuesday, April 4, the company rating was initiated by Berenberg. JP Morgan maintained International Business Machines Corporation (NYSE:IBM) rating on Friday, October 2. JP Morgan has “Neutral” rating and $171 target. The firm earned “Buy” rating on Wednesday, August 23 by Morgan Stanley. The rating was maintained by Guggenheim on Thursday, July 13 with “Hold”. S&P Research maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, October 21 with “Buy” rating.

Since January 31, 2018, it had 1 insider buy, and 0 insider sales for $99,659 activity.

Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Catawba Cap Mgmt Va reported 1.07% of its portfolio in International Business Machines Corporation (NYSE:IBM). White Pine Investment invested in 2.46% or 31,836 shares. 6,400 are owned by Insight 2811 Incorporated. State Farm Mutual Automobile Insurance Co holds 16.65 million shares. Klingenstein Fields And Lc holds 0.59% or 106,374 shares in its portfolio. Acropolis Invest Ltd Liability Company invested 0.24% in International Business Machines Corporation (NYSE:IBM). Royal Savings Bank Of Canada holds 0.12% or 1.77 million shares in its portfolio. Davis holds 2,167 shares or 0.18% of its portfolio. Asset Management Grp Inc has invested 0.3% of its portfolio in International Business Machines Corporation (NYSE:IBM). Colonial holds 0.34% or 10,730 shares in its portfolio. Oak Assocs Oh accumulated 1.75% or 163,428 shares. 481,970 are owned by Teacher Retirement Sys Of Texas. Strategic Incorporated holds 9,249 shares or 0.22% of its portfolio. Ibm Retirement Fund holds 0.62% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 21,299 shares. Flossbach Von Storch Ag reported 2.80M shares.

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation had 79 analyst reports since September 17, 2015 according to SRatingsIntel. RBC Capital Markets downgraded Lam Research Corporation (NASDAQ:LRCX) on Monday, October 5 to “Underperform” rating. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, October 18. Argus Research initiated Lam Research Corporation (NASDAQ:LRCX) rating on Tuesday, September 12. Argus Research has “Buy” rating and $196.0 target. The firm has “Buy” rating given on Thursday, October 6 by Citigroup. CLSA upgraded Lam Research Corporation (NASDAQ:LRCX) on Friday, September 25 to “Buy” rating. The rating was maintained by Cowen & Co with “Outperform” on Thursday, December 10. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Tuesday, October 17 by RBC Capital Markets. The firm earned “Buy” rating on Monday, November 21 by Stifel Nicolaus. The firm earned “Overweight” rating on Tuesday, December 15 by Morgan Stanley. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, January 24 report.

Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It is positive, 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. Needham Invest Management Lc, New York-based fund reported 2,500 shares. Daiwa Sb Invests Limited has invested 0% in Lam Research Corporation (NASDAQ:LRCX). Blume Cap Mgmt Inc invested in 0.04% or 365 shares. Leavell Investment Mgmt reported 9,000 shares or 0.21% of all its holdings. Boston Limited Liability Company invested in 185,190 shares or 0.78% of the stock. Credit Suisse Ag accumulated 410,593 shares or 0.07% of the stock. Salem Investment Counselors invested in 77 shares. Ardevora Asset Management Llp reported 179,500 shares. Florida-based Jaffetilchin Investment Lc has invested 0.38% in Lam Research Corporation (NASDAQ:LRCX). Platinum Investment Mgmt reported 2,200 shares stake. Commonwealth Of Pennsylvania School Empls Retrmt stated it has 0.04% in Lam Research Corporation (NASDAQ:LRCX). Enterprise Financial Services Corp reported 106 shares. Bowling Portfolio Lc reported 22,570 shares stake. Assetmark reported 0.01% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Lombard Odier Asset Mngmt (Switzerland) holds 13,901 shares or 0.25% of its portfolio.

Since September 11, 2017, it had 0 buys, and 11 selling transactions for $12.77 million activity. Varadarajan Seshasayee had sold 25,453 shares worth $5.47M on Tuesday, January 23. The insider ARCHER TIMOTHY sold $2.75M.

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