Lam Research Corp (LRCX) Stock Value Declined While Sumitomo Mitsui Asset Management Company LTD Has Increased Its Holding

Lam Research Corporation (NASDAQ:LRCX) LogoInvestors sentiment decreased to 1.05 in Q2 2018. Its down 0.05, from 1.1 in 2018Q1. It turned negative, as 71 investors sold LRCX shares while 246 reduced holdings. 82 funds opened positions while 252 raised stakes. 134.98 million shares or 2.35% less from 138.23 million shares in 2018Q1 were reported. Palisade Cap Limited Liability Nj, a New Jersey-based fund reported 6,600 shares. Mariner Ltd Company owns 18,908 shares. Maverick Capital owns 0.07% invested in Lam Research Corporation (NASDAQ:LRCX) for 34,820 shares. 18,560 were accumulated by Jefferies Group Ltd Liability. 3,068 are held by Tiverton Asset Mgmt Ltd Liability Co. Css Lc Il reported 908 shares. Hillsdale Mgmt Inc owns 0.06% invested in Lam Research Corporation (NASDAQ:LRCX) for 2,640 shares. Hudson Bay Capital Mgmt Ltd Partnership stated it has 0.04% in Lam Research Corporation (NASDAQ:LRCX). Gmt Cap holds 1.15% or 275,400 shares. Putnam Invests Limited Liability Company stated it has 210,495 shares. First Interstate Fincl Bank holds 0.01% or 138 shares in its portfolio. Capital One Association invested in 0.04% or 2,781 shares. Guinness Asset Management Ltd, United Kingdom-based fund reported 39,110 shares. Teachers Retirement System Of The State Of Kentucky stated it has 0.2% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Amica Mutual Insur Company reported 11,587 shares.

Sumitomo Mitsui Asset Management Company Ltd increased its stake in Lam Research Corp (LRCX) by 25.25% based on its latest 2018Q2 regulatory filing with the SEC. Sumitomo Mitsui Asset Management Company Ltd bought 126,186 shares as the company’s stock declined 18.54% while stock markets rallied. The institutional investor held 625,885 shares of the industrial machinery and components company at the end of 2018Q2, valued at $108.18 million, up from 499,699 at the end of the previous reported quarter. Sumitomo Mitsui Asset Management Company Ltd who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $22.44B market cap company. The stock decreased 3.42% or $5.12 during the last trading session, reaching $144.57. About 1.33M shares traded. Lam Research Corporation (NASDAQ:LRCX) has declined 12.41% since December 6, 2017 and is downtrending. It has underperformed by 28.03% the S&P500.

Sumitomo Mitsui Asset Management Company Ltd, which manages about $6.51B US Long portfolio, decreased its stake in Cornerstone Ondemand Inc (NASDAQ:CSOD) by 78,200 shares to 332,725 shares, valued at $15.78M in 2018Q2, according to the filing. It also reduced its holding in Ishares Tr (EMB) by 121,099 shares in the quarter, leaving it with 393,134 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: which released: “Lam Research Corp (LRCX) Presents at 2018 UBS Global Technology Conference (Transcript) – Seeking Alpha” on November 13, 2018, also with their article: “3 Things Applied Materials Wants You to Know – The Motley Fool” published on December 05, 2018, published: “Lam Research Becomes Oversold (LRCX) – Nasdaq” on October 05, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: and their article: “Lam Research (LRCX) Q4 Earnings and Revenues Beat Estimates – Nasdaq” published on July 26, 2018 as well as‘s news article titled: “Futures drop as Huawei executive arrest fans China-US worries –” with publication date: December 06, 2018.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 12 analysts covering Lam Research (NASDAQ:LRCX), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Lam Research had 17 analyst reports since June 10, 2018 according to SRatingsIntel. Mizuho downgraded the stock to “Neutral” rating in Monday, October 1 report. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Hold” rating by Deutsche Bank on Monday, October 1. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Monday, July 30 by Citigroup. KeyBanc Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) on Wednesday, October 17 with “Overweight” rating. Bank of America maintained the shares of LRCX in report on Sunday, June 10 with “Buy” rating. Susquehanna downgraded Lam Research Corporation (NASDAQ:LRCX) rating on Tuesday, October 23. Susquehanna has “Neutral” rating and $165 target. The rating was downgraded by UBS on Wednesday, September 26 to “Neutral”. Citigroup maintained the shares of LRCX in report on Friday, July 13 with “Buy” rating. The company was maintained on Tuesday, September 25 by Citigroup. Bank of America downgraded the stock to “Neutral” rating in Tuesday, August 28 report.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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