Delphi Management Has Cut Its Lam Research (LRCX) Position by $335,960; Strs Ohio Decreased Equity Residential Prop (EQR) Position as Valuation Rose

January 16, 2018 - By Maria Brooks

Delphi Management Inc decreased its stake in Lam Research Corp (LRCX) by 9.95% based on its latest 2017Q3 regulatory filing with the SEC. Delphi Management Inc sold 1,816 shares as the company’s stock rose 32.64% with the market. The institutional investor held 16,435 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.04M, down from 18,251 at the end of the previous reported quarter. Delphi Management Inc who had been investing in Lam Research Corp for a number of months, seems to be less bullish one the $31.31B market cap company. The stock increased 2.56% or $4.83 during the last trading session, reaching $193.34. About 2.16 million shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since January 16, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Strs Ohio decreased its stake in Equity Residential Prop (EQR) by 1.4% based on its latest 2017Q3 regulatory filing with the SEC. Strs Ohio sold 11,052 shares as the company’s stock rose 6.45% with the market. The institutional investor held 780,883 shares of the real estate investment trusts company at the end of 2017Q3, valued at $51.48M, down from 791,935 at the end of the previous reported quarter. Strs Ohio who had been investing in Equity Residential Prop for a number of months, seems to be less bullish one the $23.20 billion market cap company. The stock increased 0.72% or $0.435 during the last trading session, reaching $60.855. About 883,196 shares traded. Equity Residential (NYSE:EQR) has risen 2.77% since January 16, 2017 and is uptrending. It has underperformed by 13.93% the S&P500.

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2. It increased, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Peregrine Asset Advisers Inc owns 58,190 shares for 5.66% of their portfolio. Reinhart Prns reported 1,850 shares. Holderness Investments stated it has 0.16% in Lam Research Corporation (NASDAQ:LRCX). Eaton Vance owns 35,150 shares or 0.02% of their US portfolio. Ameriprise Finance invested 0.56% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Cornercap Counsel, Georgia-based fund reported 41,592 shares. 1.53M were reported by Citadel Advsr Ltd. 2,500 were reported by Needham Management Lc. Intact Investment Mgmt Inc accumulated 1,400 shares. Bnp Paribas Asset Management stated it has 127,916 shares or 0.2% of all its holdings. Korea Inv Corp owns 473,049 shares for 0.4% of their portfolio. Cutter Brokerage Incorporated stated it has 0.26% in Lam Research Corporation (NASDAQ:LRCX). Cap Advsrs Ok reported 3,000 shares stake. Greystone Managed Invests Inc invested in 0.42% or 51,620 shares. Cornerstone Advsrs Inc holds 0.07% or 572 shares in its portfolio.

Since September 11, 2017, it had 0 buys, and 10 insider sales for $7.30 million activity. $2.75M worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by ARCHER TIMOTHY.

Among 23 analysts covering Lam Research Corporation (NASDAQ:LRCX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Lam Research Corporation had 69 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Needham on Friday, October 9. On Monday, June 5 the stock rating was maintained by UBS with “Buy”. Goldman Sachs reinitiated the shares of LRCX in report on Tuesday, October 25 with “Neutral” rating. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, October 22. RBC Capital Markets has “Underperform” rating and $56.0 target. On Friday, June 16 the stock rating was maintained by Needham with “Buy”. On Wednesday, October 18 the stock rating was maintained by Citigroup with “Neutral”. Needham maintained it with “Buy” rating and $145 target in Thursday, January 26 report. B. Riley & Co maintained Lam Research Corporation (NASDAQ:LRCX) rating on Wednesday, October 18. B. Riley & Co has “Buy” rating and $250 target. The firm has “Buy” rating given on Wednesday, October 18 by Bank of America. As per Wednesday, October 18, the company rating was maintained by KeyBanc Capital Markets.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 24. They expect $3.67 EPS, up 63.84% or $1.43 from last year’s $2.24 per share. LRCX’s profit will be $594.35M for 13.17 P/E if the $3.67 EPS becomes a reality. After $3.46 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 6.07% EPS growth.

Analysts await Equity Residential (NYSE:EQR) to report earnings on January, 30. They expect $0.81 EPS, up 2.53% or $0.02 from last year’s $0.79 per share. EQR’s profit will be $308.85M for 18.78 P/E if the $0.81 EPS becomes a reality. After $0.80 actual EPS reported by Equity Residential for the previous quarter, Wall Street now forecasts 1.25% EPS growth.

Strs Ohio, which manages about $23.29B US Long portfolio, upped its stake in Abbvie Inc. (NYSE:ABBV) by 120,191 shares to 997,242 shares, valued at $88.61 million in 2017Q3, according to the filing. It also increased its holding in Stryker Corp. (NYSE:SYK) by 170,173 shares in the quarter, for a total of 463,975 shares, and has risen its stake in Snap (NYSE:SNA).

Since August 2, 2017, it had 0 insider buys, and 6 selling transactions for $8.46 million activity. SHAPIRO MARK S also sold $192,018 worth of Equity Residential (NYSE:EQR) on Wednesday, August 9. $1.70 million worth of Equity Residential (NYSE:EQR) was sold by STROHM BRUCE C on Wednesday, August 23. 75,000 shares were sold by NEITHERCUT DAVID J, worth $5.11 million. Shares for $744,973 were sold by Santee David S on Wednesday, August 2.

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.16, from 1.06 in 2017Q2. It worsened, as 32 investors sold EQR shares while 163 reduced holdings. 36 funds opened positions while 139 raised stakes. 339.97 million shares or 3.22% more from 329.35 million shares in 2017Q2 were reported. Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 39,621 shares. Independent Order Of Foresters stated it has 67,376 shares or 3.67% of all its holdings. Balyasny Asset Mgmt Lc holds 0.18% of its portfolio in Equity Residential (NYSE:EQR) for 710,317 shares. Gemmer Asset Limited Com stated it has 231 shares or 0.01% of all its holdings. Assetmark Inc has invested 0% in Equity Residential (NYSE:EQR). Exane Derivatives invested 0.01% of its portfolio in Equity Residential (NYSE:EQR). Shell Asset Management has 206,610 shares. Macquarie Grp reported 1.32% of its portfolio in Equity Residential (NYSE:EQR). Natixis reported 0.02% in Equity Residential (NYSE:EQR). Peak6 Investments Lp owns 3,887 shares. Cibc Ww Mkts holds 0.09% or 144,409 shares. State Board Of Administration Of Florida Retirement Systems has invested 0.1% of its portfolio in Equity Residential (NYSE:EQR). Envestnet Asset Mngmt Inc has 24,589 shares for 0% of their portfolio. Kempen Capital Mngmt Nv holds 1.07% or 210,638 shares in its portfolio. Commonwealth Bancorporation Of invested in 0% or 6,991 shares.

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