Analysts See $5.00 EPS for Lam Research (LRCX); General Dynamics (GD)’s Sentiment Is 0.88

June 24, 2018 - By Dolores Ford

Lam Research Corporation (NASDAQ:LRCX) Logo

General Dynamics Corp (GD) investors sentiment decreased to 0.88 in Q1 2018. It’s down -0.19, from 1.07 in 2017Q4. The ratio fall, as 363 funds increased or started new equity positions, while 413 trimmed and sold equity positions in General Dynamics Corp. The funds in our database reported: 230.81 million shares, up from 229.66 million shares in 2017Q4. Also, the number of funds holding General Dynamics Corp in top ten equity positions increased from 9 to 15 for an increase of 6. Sold All: 52 Reduced: 361 Increased: 263 New Position: 100.

Analysts expect Lam Research Corporation (NASDAQ:LRCX) to report $5.00 EPS on July, 25.They anticipate $1.89 EPS change or 60.77% from last quarter’s $3.11 EPS. LRCX’s profit would be $820.23M giving it 8.74 P/E if the $5.00 EPS is correct. After having $4.79 EPS previously, Lam Research Corporation’s analysts see 4.38% EPS growth. The stock decreased 0.77% or $1.35 during the last trading session, reaching $174.7. About 2.11M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 31.27% since June 24, 2017 and is uptrending. It has outperformed by 18.70% the S&P500. Some Historical LRCX News: 06/03/2018 – LAM RESEARCH BOOSTS QTR DIV TO $1.10/SHARE FROM 50C, EST. 50C; 15/05/2018 – Capital Research Global Investors Buys 1.6% of Lam Research; 17/05/2018 – Lam Research Declares Dividend of $1.10; 17/04/2018 – LAM RESEARCH 3Q ADJ EPS $4.79, EST. $4.39; 17/04/2018 – LAM RESEARCH CORP – QTRLY DEFERRED REV BALANCE DOES NOT INCLUDE SHIPMENTS TO CUSTOMERS IN JAPAN; 16/04/2018 – Lam Research Corp expected to post earnings of $4.38 a share – Earnings Preview; 17/04/2018 – Lam Research 3Q EPS $4.33; 17/04/2018 – LAM RESEARCH CORP SEES NET INCOME PER DILUTED SHARE $4.77, +/- $0.20 FOR JUNE 2018 QUARTER; 06/03/2018 – LAM RESEARCH SAYS CY2021 TARGET MODEL ADJ. OPER MARGIN 32%-33%; 17/04/2018 – LAM RESEARCH SEES 4Q ADJ. REV. $3.1B +/- $150M, EST. $2.94B

Since January 23, 2018, it had 0 insider purchases, and 12 selling transactions for $28.53 million activity. $2.24 million worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by O’Dowd Sarah A. 6,465 Lam Research Corporation (NASDAQ:LRCX) shares with value of $1.39M were sold by ARCHER TIMOTHY. 6,208 shares were sold by LORD PATRICK J, worth $1.20 million on Friday, April 20. Shares for $3.54 million were sold by Gottscho Richard A on Wednesday, March 7. Anstice Martin B sold 25,122 shares worth $5.12 million. Varadarajan Seshasayee also sold $5.47 million worth of Lam Research Corporation (NASDAQ:LRCX) on Tuesday, January 23.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company has market cap of $28.66 billion. The firm offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer patterning and liner applications in various advanced memory and logic structures. It has a 16.99 P/E ratio. The Company’s thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films.

Investors sentiment increased to 1.1 in 2018 Q1. Its up 0.02, from 1.08 in 2017Q4. It increased, as 62 investors sold Lam Research Corporation shares while 259 reduced holdings. 131 funds opened positions while 223 raised stakes. 138.23 million shares or 1.88% less from 140.89 million shares in 2017Q4 were reported. State Of Tennessee Treasury Department holds 417,532 shares or 0.43% of its portfolio. Cutter Com Brokerage Incorporated holds 4,970 shares or 0.4% of its portfolio. Alphaone Investment Services Ltd Liability Com has 15,703 shares for 0.88% of their portfolio. American reported 0.05% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Suntrust Banks Inc has 0% invested in Lam Research Corporation (NASDAQ:LRCX). Indiana-based Horizon Investment Limited Liability Company has invested 3.27% in Lam Research Corporation (NASDAQ:LRCX). Raymond James And Assocs invested in 134,539 shares or 0.05% of the stock. Guinness Atkinson Asset Management holds 4.58% or 36,900 shares in its portfolio. First Mercantile holds 0.06% or 1,361 shares. Macquarie Gp owns 36,346 shares. Moreover, United Fire Group has 0.41% invested in Lam Research Corporation (NASDAQ:LRCX). Destination Wealth Management stated it has 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Brandywine Glob Investment Mgmt Limited Co has 181,133 shares. Hbk Investments L P stated it has 4,833 shares or 0.01% of all its holdings. Tudor Investment Et Al invested in 0.03% or 3,825 shares.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Seekingalpha.com which released: “Lam Research Is A Huge Buy” on June 13, 2018, also Investorplace.com with their article: “Lam Research Corporation Stock Is Falling, But It’s a Knife I Can Confidently Catch!” published on June 07, 2018, Nasdaq.com published: “Consolidated Research: 2018 Summary Expectations for Antero Midstream Partners LP, Lam Research, TransUnion …” on June 18, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Nasdaq.com and their article: “Lam Research Corporation – Lam Research Recommends Stockholders Reject Mini-Tender Offer by TRC Capital …” published on June 21, 2018 as well as Investorplace.com‘s news article titled: “5 Top Stock Trades for Tuesday Morning” with publication date: June 11, 2018.

Among 27 analysts covering Lam Research Corporation (NASDAQ:LRCX), 25 have Buy rating, 0 Sell and 2 Hold. Therefore 93% are positive. Lam Research Corporation had 97 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Positive” rating by Susquehanna given on Tuesday, January 16. The firm has “Buy” rating by Goldman Sachs given on Monday, December 19. The rating was maintained by Citigroup with “Neutral” on Wednesday, October 18. The firm has “Neutral” rating given on Thursday, August 11 by Nomura. On Wednesday, March 7 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Friday, May 18 by Mizuho. The firm has “Neutral” rating given on Tuesday, October 25 by Goldman Sachs. On Thursday, October 6 the stock rating was maintained by Citigroup with “Buy”. JP Morgan maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, January 25. JP Morgan has “Overweight” rating and $260 target. Stifel Nicolaus maintained Lam Research Corporation (NASDAQ:LRCX) on Wednesday, April 18 with “Buy” rating.

Longview Asset Management Llc holds 97.48% of its portfolio in General Dynamics Corporation for 32.68 million shares. Weybosset Research & Management Llc owns 40,162 shares or 5.33% of their US portfolio. Moreover, Locust Wood Capital Advisers Llc has 3.99% invested in the company for 177,019 shares. The Virginia-based London Co Of Virginia has invested 3.71% in the stock. Tide Point Capital Management Lp, a Connecticut-based fund reported 217,073 shares.

The stock increased 0.50% or $0.95 during the last trading session, reaching $189.38. About 1.70M shares traded or 3.30% up from the average. General Dynamics Corporation (GD) has risen 3.50% since June 24, 2017 and is uptrending. It has underperformed by 9.07% the S&P500. Some Historical GD News: 25/04/2018 – GENERAL DYNAMICS CORP CEO SAYS U.S. CORPORATE TAX REFORM HAS HELPED DEMAND FOR BUSINESS JETS; 24/04/2018 – General Dynamics Gulfstream Unit to Build New Service Center at Savannah/Hilton Head Airport; 21/03/2018 – SAUDI CROWN PRINCE MET W/BOEING, RAYTHEON, LMT, GENERALDYNAMICS; 29/05/2018 – Gulfstream Selects TAG Farnborough Airport For Site Of New London-Area Service Center; 28/03/2018 – General Dynamics Closes Below 50-Day Moving Average: Technicals; 20/03/2018 – General Dynamics Boosts Offer for CSRA; 11/05/2018 – Fitch Plans to Withdraw Ratings of General Dynamics Corporation; 30/05/2018 – General Dynamics at AllianceBernstein Conference Tomorrow; 17/05/2018 – General Dynamics Access Event Set By Capital Alpha for May. 18; 11/05/2018 – GENERAL DYNAMICS COMPLETES SALE OF $7.5B NOTES IN SEVEN PARTS

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on July, 25. They expect $2.56 earnings per share, up 4.49% or $0.11 from last year’s $2.45 per share. GD’s profit will be $760.40M for 18.49 P/E if the $2.56 EPS becomes a reality. After $2.65 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -3.40% negative EPS growth.

More important recent General Dynamics Corporation (NYSE:GD) news were published by: Fool.com which released: “Is General Dynamics Corporation (GD) a Buy?” on June 01, 2018, also Investorplace.com published article titled: “What the Stryker Land Vehicle Deal Can Do for General Dynamics Stock”, Benzinga.com published: “8 Biggest Price Target Changes For Friday” on June 22, 2018. More interesting news about General Dynamics Corporation (NYSE:GD) was released by: Investorplace.com and their article: “3 Reasons to Buy Lockheed Martin Stock on Weakness” with publication date: June 21, 2018.

Ratings analysis reveals 67% of General Dynamics’s analysts are positive. Out of 3 Wall Street analysts rating General Dynamics, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $181.0 while the high is $206.0. The stock’s average target of $193.50 is 2.18% above today’s ($189.38) share price. GD was included in 3 notes of analysts from October 6, 2016. The firm has “Neutral” rating given on Wednesday, March 1 by Citigroup. The firm has “Outperform” rating by Robert W. Baird given on Thursday, October 6. RBC Capital Markets initiated the stock with “Outperform” rating in Thursday, January 12 report.

Since January 1, 0001, it had 0 insider purchases, and 8 insider sales for $8.28 million activity.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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