Everett Harris & Company Boosted Its Oneok (OKE) Holding; Parnassus Investments Has Trimmed Its Lam Research Corp. (LRCX) Holding

December 8, 2017 - By Stephen Andrade

Parnassus Investments decreased Lam Research Corp. (LRCX) stake by 50% reported in 2017Q2 SEC filing. Parnassus Investments sold 50,000 shares as Lam Research Corp. (LRCX)’s stock rose 32.64%. The Parnassus Investments holds 50,000 shares with $7.07 million value, down from 100,000 last quarter. Lam Research Corp. now has $30.63 billion valuation. The stock increased 2.68% or $4.93 during the last trading session, reaching $189.16. About 3.33 million shares traded or 36.21% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since December 8, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Everett Harris & Company increased Oneok Inc. (OKE) stake by 29.84% reported in 2017Q2 SEC filing. Everett Harris & Company acquired 8,800 shares as Oneok Inc. (OKE)’s stock declined 4.12%. The Everett Harris & Company holds 38,291 shares with $2.00M value, up from 29,491 last quarter. Oneok Inc. now has $20.10B valuation. The stock increased 1.18% or $0.61 during the last trading session, reaching $52.41. About 1.85 million shares traded. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since December 8, 2016 and is uptrending. It has outperformed by 7.11% the S&P500.

Since June 12, 2017, it had 0 insider purchases, and 2 selling transactions for $1.82 million activity. $430,320 worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by LORD PATRICK J. The insider ARCHER TIMOTHY sold $1.39 million.

Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.14, from 1.12 in 2017Q1. It fall, as 43 investors sold LRCX shares while 255 reduced holdings. 110 funds opened positions while 182 raised stakes. 149.22 million shares or 7.19% less from 160.77 million shares in 2017Q1 were reported. Moreover, Invesco Limited has 0.09% invested in Lam Research Corporation (NASDAQ:LRCX) for 2.00M shares. Daiwa Secs invested in 11,650 shares or 0.01% of the stock. Gargoyle Advisor Ltd Llc reported 31,592 shares. Glenmede Tru Na has 133,448 shares. Nomura Inc has 28,127 shares for 0.01% of their portfolio. The Wisconsin-based Annex Advisory Services Ltd has invested 0.17% in Lam Research Corporation (NASDAQ:LRCX). Intact Invest stated it has 2,500 shares or 0.02% of all its holdings. The Rhode Island-based Amica Retiree Med has invested 0.16% in Lam Research Corporation (NASDAQ:LRCX). 1.21M are held by Franklin. Central Commercial Bank reported 25 shares stake. 6,028 are held by Cypress Capital Mgmt Ltd Llc. Wright Investors Service owns 3,645 shares. Virginia Retirement Sys Et Al has 0.36% invested in Lam Research Corporation (NASDAQ:LRCX). Gru One Trading Ltd Partnership holds 13,611 shares or 0.02% of its portfolio. Wellington Mgmt Gru Llp owns 1.93 million shares.

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 has $270 highest and $52 lowest target. $194.05’s average target is 2.59% above currents $189.16 stock price. Lam Research Corporation had 69 analyst reports since September 17, 2015 according to SRatingsIntel. The company was upgraded on Friday, September 25 by Credit Agricole. The firm has “Buy” rating given on Thursday, July 27 by Needham. On Sunday, November 19 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. RBC Capital Markets downgraded the stock to “Underperform” rating in Monday, October 5 report. The rating was maintained by Stifel Nicolaus on Monday, November 21 with “Buy”. The rating was maintained by B. Riley & Co with “Buy” on Wednesday, October 18. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Tuesday, June 13 by UBS. The rating was maintained by Citigroup with “Neutral” on Wednesday, October 18. The rating was maintained by RBC Capital Markets on Thursday, July 27 with “Buy”. Citigroup maintained Lam Research Corporation (NASDAQ:LRCX) rating on Friday, August 12. Citigroup has “Buy” rating and $102 target.

Parnassus Investments increased Alphabet Inc. Class C stake by 7,008 shares to 556,069 valued at $505.32 million in 2017Q2. It also upped Qualcomm Inc. (NASDAQ:QCOM) stake by 1.65 million shares and now owns 4.81 million shares. Cvs Health Corp. (NYSE:CVS) was raised too.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 24. They expect $3.67 earnings per share, up 63.84% or $1.43 from last year’s $2.24 per share. LRCX’s profit will be $594.35 million for 12.89 P/E if the $3.67 EPS becomes a reality. After $3.46 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 6.07% EPS growth.

Everett Harris & Company decreased Novartis A.G. Adr (NYSE:NVS) stake by 4,840 shares to 22,104 valued at $1.85 million in 2017Q2. It also reduced Oneok Partners L.P. (NYSE:OKS) stake by 45,568 shares and now owns 202,223 shares. United Technologies Corp (NYSE:UTX) was reduced too.

Investors sentiment increased to 1.35 in Q2 2017. Its up 0.04, from 1.31 in 2017Q1. It is positive, as 57 investors sold OKE shares while 149 reduced holdings. 78 funds opened positions while 200 raised stakes. 188.94 million shares or 14.20% more from 165.44 million shares in 2017Q1 were reported. Rice Hall James And Assocs Limited Liability stated it has 6,000 shares. Spark Investment Mgmt Ltd Limited Liability Company owns 0.31% invested in ONEOK, Inc. (NYSE:OKE) for 95,100 shares. Bridgeway invested in 95,200 shares or 0.06% of the stock. Sfe Invest Counsel accumulated 0.13% or 6,160 shares. 22,105 were accumulated by Hanson And Doremus Investment Mgmt. Hightower Limited Liability Com has invested 0.02% of its portfolio in ONEOK, Inc. (NYSE:OKE). First National Tru Com has invested 0.18% in ONEOK, Inc. (NYSE:OKE). Amica Retiree Trust holds 0.05% or 1,284 shares. Nomura has invested 0% in ONEOK, Inc. (NYSE:OKE). The New York-based Clinton Gp has invested 0.06% in ONEOK, Inc. (NYSE:OKE). 207,000 were reported by Art Advsrs Limited Com. Northwestern Mutual Wealth Mgmt accumulated 0% or 5,983 shares. Mutual Of America Cap Mngmt Ltd has invested 0.04% in ONEOK, Inc. (NYSE:OKE). Advisory Rech Inc holds 1.06% or 1.30M shares in its portfolio. Oakbrook Invests Limited Liability Com holds 0.03% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 8,382 shares.

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