Are Hedge Funds Betting Against Lam Research Corporation (NASDAQ:LRCX)?

Lam Research Corporation (NASDAQ:LRCX) produced a 20.69% rally since recording the worst price of $133.42. Thanks to the latest 2.59% increase, it now trades at $161.02. Throughout the trading on 12/03/2018, the share price floated between $158.25 and $162.87. This company shares are 22.51% off its target price of $197.26 and the current market capitalization stands at $25.06B. The recent change has given its price a 9.69% lead over SMA 50 and -31.45% deficit over its 52-week high. The stock witnessed 6.03% gains, -6.36% declines and -20.22% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LRCX’s volatility during a week at 3.46%.

Lam Research Corporation (LRCX) Top Holders

Institutional investors currently hold around $22.08 billion or 93.5% in LRCX stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.87 billion in Lam Research Corporation, which represents roughly 7.45% of the company’s market cap and approximately 8.46% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 11,250,731 shares of the stock are valued at $1.77 billion. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $1.33 billion worth of this stock and that ownership represents nearly 5.3% of its market capitalization.

Lam Research Corporation 13F Filings

At the end of September reporting period, 345 institutional holders increased their position in Lam Research Corporation (NASDAQ:LRCX) by some 16,369,556 shares, 499 decreased positions by 18,834,327 and 117 held positions by 105,452,469. That puts total institutional holdings at 140,656,352 shares, according to SEC filings. The stock grabbed 72 new institutional investments totaling 1,652,673 shares while 133 institutional investors sold out their entire positions totaling 3,421,820 shares.

Lam Research Corporation (NASDAQ:LRCX) Insider Trades

Multiple company employees have indulged in significant insider trading. Lam Research Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Anstice Martin B has sold 25,122 shares of Lam Research Corporation (LRCX) in trading session dated May. 22, 2018. These shares are worth $5,120,617 and were traded at $203.83 each. The SEC filing shows that Archer Timothy performed a sale of 5,000 shares. The President and COO disposed these shares by way of transaction on May. 01, 2018. The company’s shares were given away at $190 per share worth to an income of some $950,000 on account of Archer Timothy.

Senior Vice President, Lord Patrick J, sold 6,208 common shares of Lam Research Corporation (LRCX) in the open market. In a transaction dated Apr. 20, 2018, the shares were put up for sale at an average price of $193.65, raking in a sum of $1,202,179. After this sale, 9,761 common shares of LRCX are directly owned by the insider, with total stake valued at $1,571,716.

In the transaction dated Apr. 17, 2018, the great number of shares disposed came courtesy the President and COO; Archer Timothy disposed a total of 5,000 shares at an average price of $210, amounting to approximately $1,050,000. The insider now directly owns 75,940 shares worth $12,227,859.

Lam Research Corporation (LRCX) Analyst Guide

Several analysts have released their opinion on Lam Research Corporation (NASDAQ:LRCX), with 5 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 6 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.16 average brokerage recommendation.