As Xerium Technologies (XRM) Market Valuation Rose, Shareholder Moab Capital Partners Decreased Its Position; Btc Capital Management Has Cut Its Lam Research (LRCX) Position by $1.76 Million as Share Price Rose

March 15, 2018 - By Linda Rogers

Btc Capital Management Inc decreased its stake in Lam Research Corp (LRCX) by 30.38% based on its latest 2017Q3 regulatory filing with the SEC. Btc Capital Management Inc sold 9,522 shares as the company’s stock rose 32.64% with the market. The institutional investor held 21,819 shares of the industrial machinery and components company at the end of 2017Q3, valued at $4.04 million, down from 31,341 at the end of the previous reported quarter. Btc Capital Management Inc who had been investing in Lam Research Corp for a number of months, seems to be less bullish one the $36.28 billion market cap company. The stock decreased 0.59% or $1.33 during the last trading session, reaching $222.64. About 3.29M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since March 15, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Michael M. Rothenberg decreased its stake in Xerium Technologies Inc (XRM) by 21.21% based on its latest 2017Q3 regulatory filing with the SEC. Moab Capital Partners Llc sold 114,157 shares as the company’s stock rose 32.64% with the market. The hedge fund run by Michael M. Rothenberg held 423,978 shares of the basic industries company at the end of 2017Q3, valued at $2.03 million, down from 538,135 at the end of the previous reported quarter. Moab Capital Partners Llc who had been investing in Xerium Technologies Inc for a number of months, seems to be less bullish one the $90.02 million market cap company. The stock increased 4.17% or $0.22 during the last trading session, reaching $5.5. About 53,151 shares traded. Xerium Technologies, Inc. (NYSE:XRM) has risen 21.00% since March 15, 2017 and is uptrending. It has outperformed by 4.30% the S&P500.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on April, 17. They expect $4.36 earnings per share, up 55.71% or $1.56 from last year’s $2.8 per share. LRCX’s profit will be $710.48M for 12.77 P/E if the $4.36 EPS becomes a reality. After $4.34 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 0.46% EPS growth.

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation has $290.0 highest and $52 lowest target. $231.29’s average target is 3.89% above currents $222.64 stock price. Lam Research Corporation had 81 analyst reports since September 17, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, October 9 report. The rating was maintained by JP Morgan with “Overweight” on Thursday, January 25. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, January 25 with “Buy” rating. The rating was maintained by Cowen & Co with “Outperform” on Thursday, December 10. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Wednesday, October 18 by KeyBanc Capital Markets. The firm has “Neutral” rating by Citigroup given on Thursday, August 3. The company was maintained on Thursday, August 10 by B. Riley & Co. On Monday, October 5 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The stock has “Buy” rating by Needham on Thursday, July 27. The rating was maintained by UBS with “Buy” on Tuesday, June 13.

Since September 18, 2017, it had 0 insider purchases, and 13 insider sales for $17.45 million activity. $390,194 worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by O’Dowd Sarah A. The insider ARCHER TIMOTHY sold 6,465 shares worth $1.39M. On Thursday, March 8 LORD PATRICK J sold $987,770 worth of Lam Research Corporation (NASDAQ:LRCX) or 4,656 shares. The insider Varadarajan Seshasayee sold 25,453 shares worth $5.47 million. 16,866 shares were sold by Gottscho Richard A, worth $3.54 million on Wednesday, March 7.

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2. It is positive, 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. Lord Abbett Co Ltd Llc has 0.09% invested in Lam Research Corporation (NASDAQ:LRCX) for 173,319 shares. Of Toledo Na Oh stated it has 1,692 shares or 0.08% of all its holdings. Neville Rodie & Shaw holds 0.95% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 46,160 shares. Cadence invested in 0.2% or 17,061 shares. Ssi Investment Mngmt has invested 0.04% in Lam Research Corporation (NASDAQ:LRCX). Meiji Yasuda Life Insur Company reported 14,565 shares. Moreover, Da Davidson has 0.03% invested in Lam Research Corporation (NASDAQ:LRCX) for 8,294 shares. Everence Cap Mngmt Incorporated has 0.17% invested in Lam Research Corporation (NASDAQ:LRCX). Yorktown Mngmt & has 0.51% invested in Lam Research Corporation (NASDAQ:LRCX). Goldman Sachs Grp Inc Inc, New York-based fund reported 2.70M shares. Cap One Natl Association holds 0.02% or 1,607 shares in its portfolio. Oppenheimer Asset Management invested in 0% or 741 shares. Moreover, Old Mutual Global (Uk) Limited has 1.76% invested in Lam Research Corporation (NASDAQ:LRCX) for 907,278 shares. Seatown Pte Limited reported 99,839 shares. Global Endowment Lp has invested 0.07% of its portfolio in Lam Research Corporation (NASDAQ:LRCX).

Btc Capital Management Inc, which manages about $2.73B and $558.91M US Long portfolio, upped its stake in Ishares Tr (IWB) by 3,460 shares to 149,939 shares, valued at $20.97 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (EFG) by 11,098 shares in the quarter, for a total of 22,123 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.40, from 0.81 in 2017Q2. It improved, as 3 investors sold XRM shares while 16 reduced holdings. 12 funds opened positions while 11 raised stakes. 10.10 million shares or 3.33% less from 10.45 million shares in 2017Q2 were reported. California Pub Employees Retirement System owns 17,672 shares or 0% of their US portfolio. Blackrock Inc, New York-based fund reported 164,792 shares. Susquehanna Grp Limited Liability Partnership holds 0% or 19,146 shares. Vanguard Group Inc owns 415,221 shares for 0% of their portfolio. 11,678 were accumulated by Jacobs Levy Equity Mngmt. Rutabaga Ltd Llc Ma accumulated 967,208 shares or 0.99% of the stock. Invesco holds 0% or 43,288 shares. Rockefeller Financial owns 1,026 shares or 0% of their US portfolio. Northwestern Mutual Wealth Mngmt Company invested 0% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM). Royal Retail Bank Of Canada reported 0% in Xerium Technologies, Inc. (NYSE:XRM). Bancshares Of America Corporation De has invested 0% in Xerium Technologies, Inc. (NYSE:XRM). Lsv Asset holds 74,000 shares. Moab Cap Ptnrs Ltd Liability Corporation has 423,978 shares. Goldman Sachs Group invested 0% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM). Northern Trust holds 23,280 shares.

Moab Capital Partners Llc, which manages about $470.71M and $480.30 million US Long portfolio, upped its stake in Time Warner Inc (NYSE:TWX) by 420,894 shares to 502,263 shares, valued at $51.46 million in 2017Q3, according to the filing. It also increased its holding in Star Gas Partners LP (NYSE:SGU) by 159,614 shares in the quarter, for a total of 1.32 million shares, and has risen its stake in Radnet Inc (NASDAQ:RDNT).