Apple (AAPL) Stock Declined While Wedgewood Partners Has Lowered Its Holding by $54.45 Million; Lam Research (LRCX) Holding Maintained by Lmr Partners Llp

May 23, 2018 - By Dolores Ford

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Lmr Partners Llp increased its stake in Lam Research Corp (LRCX) by 124.52% based on its latest 2017Q4 regulatory filing with the SEC. Lmr Partners Llp bought 11,659 shares as the company’s stock rose 8.53% while stock markets declined. The institutional investor held 21,022 shares of the industrial machinery and components company at the end of 2017Q4, valued at $3.87M, up from 9,363 at the end of the previous reported quarter. Lmr Partners Llp who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $33.21B market cap company. The stock decreased 0.25% or $0.51 during the last trading session, reaching $202.47. About 1.35 million shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 58.54% since May 23, 2017 and is uptrending. It has outperformed by 46.99% the S&P500.

Wedgewood Partners Inc decreased its stake in Apple (AAPL) by 22.17% based on its latest 2017Q4 regulatory filing with the SEC. Wedgewood Partners Inc sold 322,177 shares as the company’s stock declined 3.81% with the market. The institutional investor held 1.13 million shares of the computer manufacturing company at the end of 2017Q4, valued at $191.38 million, down from 1.45M at the end of the previous reported quarter. Wedgewood Partners Inc who had been investing in Apple for a number of months, seems to be less bullish one the $924.24 billion market cap company. The stock increased 0.47% or $0.88 during the last trading session, reaching $188.04. About 13.60 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 23, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 earnings per share, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76B for 21.47 P/E if the $2.19 EPS becomes a reality. After $2.73 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 414 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 23 by Drexel Hamilton. On Tuesday, February 13 the stock rating was maintained by BTIG Research with “Buy”. The stock has “Buy” rating by Needham on Tuesday, June 6. Nomura maintained the stock with “Buy” rating in Friday, September 11 report. The firm has “Buy” rating given on Wednesday, January 31 by Loop Capital. The firm has “Hold” rating given on Tuesday, December 19 by Nomura. The firm has “Strong Buy” rating given on Thursday, September 24 by S&P Research. The company was maintained on Wednesday, April 27 by Maxim Group. The company was maintained on Tuesday, September 26 by Rosenblatt. The firm has “Buy” rating by Brean Capital given on Wednesday, July 27.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Bizjournals.com which released: “Editor’s Notebook: NC wants Apple and Amazon, but HB2 issues linger” on May 22, 2018, also Seekingalpha.com with their article: “Apple Watch shipments +35% in Q1” published on May 23, 2018, Livetradingnews.com published: “Apple Inc. (NASDAQ:AAPL) Heffx Stock Technicals” on May 23, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Trading Mistake 8 (Apple): Poor Profit-Taking” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Tuesday Apple Rumors: WWDC 2018 Invites Sent to Press” with publication date: May 22, 2018.

Since December 7, 2017, it had 0 buys, and 10 insider sales for $47.05 million activity. 15,653 shares were sold by WILLIAMS JEFFREY E, worth $2.90M on Tuesday, May 8. Riccio Daniel J. also sold $2.94 million worth of Apple Inc. (NASDAQ:AAPL) shares. The insider KONDO CHRIS sold 4,867 shares worth $910,129. Another trade for 69,491 shares valued at $11.56 million was sold by SCHILLER PHILIP W. AHRENDTS ANGELA J also sold $6.75 million worth of Apple Inc. (NASDAQ:AAPL) on Thursday, May 3. $6.51M worth of Apple Inc. (NASDAQ:AAPL) was sold by LEVINSON ARTHUR D.

Wedgewood Partners Inc, which manages about $5.30B and $2.47B US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 285,542 shares to 962,318 shares, valued at $100.43M in 2017Q4, according to the filing.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It improved, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Badgley Phelps And Bell Incorporated reported 166,407 shares stake. Matthew 25 Mngmt, Pennsylvania-based fund reported 185,000 shares. Virtus Inv Advisers reported 93,667 shares or 1.73% of all its holdings. Rosenbaum Jay D holds 14,429 shares or 4.49% of its portfolio. International Gru Inc reported 1.90M shares. Woodmont Invest Counsel Limited Liability has 36,666 shares for 1.6% of their portfolio. Lvm Cap Mngmt Ltd Mi reported 6.06% of its portfolio in Apple Inc. (NASDAQ:AAPL). Founders Cap Ltd Liability Co accumulated 4,928 shares. Parallax Volatility Advisers LP invested in 0.03% or 119,960 shares. State Street, Massachusetts-based fund reported 208.74M shares. Johnson Financial Group Incorporated invested 1.73% of its portfolio in Apple Inc. (NASDAQ:AAPL). Garnet Equity Capital has invested 5.08% in Apple Inc. (NASDAQ:AAPL). Mairs accumulated 17,492 shares. Chemung Canal Trust invested in 2.23% or 60,458 shares. Quantitative Invest Mgmt Limited Com owns 639,700 shares for 1.6% of their portfolio.

Since January 23, 2018, it had 0 insider purchases, and 11 insider sales for $23.41 million activity. Another trade for 5,000 shares valued at $950,000 was made by ARCHER TIMOTHY on Tuesday, May 1. LORD PATRICK J sold $987,770 worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, March 8. Gottscho Richard A sold $3.54M worth of Lam Research Corporation (NASDAQ:LRCX) on Wednesday, March 7. The insider Varadarajan Seshasayee sold $5.47M. $2.52M worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by Anstice Martin B.

Lmr Partners Llp, which manages about $973.56M US Long portfolio, decreased its stake in Liberty For by 23,402 shares to 112,498 shares, valued at $3.68 million in 2017Q4, according to the filing. It also reduced its holding in Aon Plc (NYSE:AON) by 15,393 shares in the quarter, leaving it with 15,377 shares, and cut its stake in Conocophillips (NYSE:COP).

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.06, from 1.02 in 2017Q3. It increased, as 40 investors sold LRCX shares while 262 reduced holdings. 112 funds opened positions while 215 raised stakes. 140.89 million shares or 3.74% less from 146.35 million shares in 2017Q3 were reported. Bp Public Limited holds 0.13% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 20,000 shares. New York State Teachers Retirement Systems reported 0.12% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Oak Assoc Oh reported 0.12% stake. Canada Pension Plan Board reported 173,051 shares stake. Twin Tree Limited Partnership owns 7,731 shares. Adirondack Communications holds 0.01% or 40 shares. Legal General Grp Pcl accumulated 0.11% or 795,540 shares. Cibc Markets has 0.07% invested in Lam Research Corporation (NASDAQ:LRCX) for 50,899 shares. Jane Street Gp Inc Ltd Liability holds 280,160 shares or 0.15% of its portfolio. 39,006 are owned by One Trading L P. Grantham Mayo Van Otterloo & Com Ltd Com holds 0.07% in Lam Research Corporation (NASDAQ:LRCX) or 62,300 shares. Dubuque Financial Bank & invested in 0% or 155 shares. Burney owns 93,278 shares or 0.97% of their US portfolio. Scotia Capital reported 0.01% stake. Clough Capital Partners Limited Partnership holds 119,230 shares or 1.83% of its portfolio.

More important recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Seekingalpha.com which released: “Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2018 Update” on May 21, 2018, also Globenewswire.com published article titled: “Lam Research Corporation Declares Quarterly Dividend”, Benzinga.com published: “‘A Good Time To Buy Equipment Stocks’: Citi Upgrades Lam Research, Updates Sector Model” on May 14, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) was released by: Nasdaq.com and their article: “4 Notable Dividend Increases From the Past Week — Including Lam Research Corproation” with publication date: May 21, 2018.

Among 27 analysts covering Lam Research Corporation (NASDAQ:LRCX), 26 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation had 95 analyst reports since September 17, 2015 according to SRatingsIntel. On Wednesday, April 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. Needham maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, January 26 with “Buy” rating. The company was maintained on Thursday, August 10 by B. Riley & Co. As per Thursday, January 25, the company rating was maintained by Needham. The stock has “Buy” rating by RBC Capital Markets on Monday, October 2. Berenberg maintained the shares of LRCX in report on Thursday, January 25 with “Buy” rating. The rating was maintained by RBC Capital Markets on Monday, June 5 with “Buy”. The firm earned “Buy” rating on Thursday, January 25 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, November 15 by RBC Capital Markets. The company was maintained on Tuesday, June 13 by UBS.

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