Lam Research Corporation (NASDAQ:LRCX) produced a 43.94% rally since recording the worst price of $122.64. Thanks to the latest 3.59% increase, it now trades at $176.53. Throughout the trading on 3/14/2019, the share price floated between $171 and $178.43. This company shares are 9.09% off its target price of $192.58 and the current market capitalization stands at $27.37B. The recent change has given its price a 8.1% lead over SMA 50 and -22.51% deficit over its 52-week high. The stock witnessed -1.52% declines, 27.65% gains and 13.6% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LRCX’s volatility during a week at 2.63% and during a month it has been found around 2.24%.

Lam Research Corporation (LRCX) Top Holders

Institutional investors currently hold around $23.18 billion or 92.2% in LRCX stock. Look at its top three institutional owners: Vanguard Group Inc owns $2.03 billion in Lam Research Corporation, which represents roughly 7.4% of the company’s market cap and approximately 8.74% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 11,429,062 shares of the stock are valued at $1.95 billion. The third largest holder is Ameriprise Financial Inc, which currently holds $1.58 billion worth of this stock and that ownership represents nearly 5.78% of its market capitalization.

Lam Research Corporation 13F Filings

At the end of December reporting period, 348 institutional holders increased their position in Lam Research Corporation (NASDAQ:LRCX) by some 18,864,759 shares, 483 decreased positions by 23,462,446 and 99 held positions by 93,717,723. That puts total institutional holdings at 136,044,928 shares, according to SEC filings. The stock grabbed 113 new institutional investments totaling 1,892,906 shares while 123 institutional investors sold out their entire positions totaling 3,564,943 shares.

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 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.14 average brokerage recommendation [T1].