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Phraction Management LLC sells 395 Lam Research Co. shares (NASDAQ:LRCX)

Phraction Management LLC sells 395 Lam Research Co. shares (NASDAQ:LRCX)

According to the most recent report that Phraction Management LLC submitted to the Securities and Exchange Commission, the company’s holdings in Lam Research Co. (NASDAQ: LRCX) were reduced by 16.9% during the third quarter of 2018. The company has a total holding of 1,944 shares of the stock held by the semiconductor company after selling 395 shares during the quarter. This brings the total number of shares held by the company to 1,944. Phraction Management LLC concluded that Lam Research was worth 712 thousand dollars after the most recent fiscal quarter.

Recent months have seen several other hedge funds implement new strategies for managing their LRCX holdings. During the third quarter of 2018, Beacon Capital Management LLC made a new investment of approximately $32,000 in Lam Research. This investment was made as part of Lam Research’s growth strategy. During the third quarter, McIlrath & Eck LLC achieved a 185.2% increase in the proportion of Lam Research stock it owned. McIlrath & Eck LLC now directly owns 77 shares of the stock held by the semiconductor company after making an additional purchase of fifty shares during the most recent fiscal quarter. There is a total value of $28,000 associated with these 77 shares. During the second quarter, the Farmers & Merchants Trust Company of Chambersburg, Pennsylvania, increased the number of shares of Lam Research, constituting its total ownership stake by 71.7 percent. The Farmers & Merchants Trust Co., based in Chambersburg, Pennsylvania, has recently acquired 79 shares of the stock held by the semiconductor company. The current market value of these shares is $34,000. This goal was accomplished as a direct result of purchasing 33 additional shares during the most recent fiscal quarter. Stonehage Fleming Financial Services Holdings Ltd. spent $34,000 to acquire a new position at Lam Research during the second quarter of the fiscal year.

And last but not least, during the second quarter, AdvisorNet Financial Inc. increased the amount of Lam Research stock owned by 224.0%, making it the company’s final point of discussion. AdvisorNet Financial Inc now owns 81 semiconductor company shares worth $35,000, following the purchase of 56 additional shares during the most recent quarter. Institutional investors own approximately 81.60 percent of the total shares outstanding in the company.

Recently, the opinions of several research analysts concerning LRCX stock have been made public.

In a research report made public on Thursday, October 20, Jefferies Financial Group lowered their “buy” rating on Lam Research shares and decreased their price target for those shares from $535.00 to $525.00. Both of these changes were made. DA Davidson reaffirmed that it has a “neutral” recommendation on shares of Lam Research in a research note published on January 3. The note by DA Davidson was published on January 3. Lam Research was downgraded by Bank of America from a “buy” rating to a “hold” rating in a public research note on Thursday, October 20.

Additionally, Bank of America decreased its target price on the stock from $460.00 to $405.00 during the same period. On November 23, Evercore ISI published the findings of a research analysis in which they predicted that the price of a share of Lam Research would reach $450.00 and advised investors to purchase the stock. In the end, but not least, Cowen lowered their target price on shares of Lam Research to $430.00 in a research note published on October 20. Ten research analysts have assigned the stock a rating of “hold,” while fourteen have assigned the stock a rating of “buy.” According to the information that can be found on Bloomberg.com, the stock is currently rated as having an average recommendation of “Moderate Buy,” and market experts forecast that its price will rise to $497.59 in the not-too-distant future.

Abhijit Y. Talwalkar, the director of Lam Research, sold 880 of the company’s shares of stock on January 3, which brings us to another recent event concerning the company. The shares were sold on the open market for a total price of $378,153.60, which works out to $429.72 per share when divided by the number of shares sold. Because of the transaction, the director is now the direct owner of 14,762 business shares, and the total value of those shares is 6,343,526.64 dollars. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. Abhijit Y. Talwalkar, the director of Lam Research, sold 880 of the company’s shares of stock on January 3, which brings us to another recent event concerning the company. The shares were sold on the open market for a total price of $378,153.60, equivalent to $429.72 per share, when broken down into individual prices. Because of the transaction, the director is now the direct owner of 14,762 business shares, and the total value of those shares is 6,343,526.64 dollars. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, on December 21, Richard A. Gottscho, Executive Vice President of the company, sold.

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