Lam Research (LRCX) Stock Value Rose While Convergence Investment Partners Has Upped Holding by $390,720; Tekne Capital Management Has Trimmed Stamps Com (STMP) Stake by $8.24 Million

February 19, 2018 - By Darrin Black

Convergence Investment Partners Llc increased its stake in Lam Research Corp (LRCX) by 11.81% based on its latest 2017Q3 regulatory filing with the SEC. Convergence Investment Partners Llc bought 2,112 shares as the company’s stock rose 32.64% with the market. The institutional investor held 19,993 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.70M, up from 17,881 at the end of the previous reported quarter. Convergence Investment Partners Llc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $30.62 billion market cap company. The stock increased 1.18% or $2.2 during the last trading session, reaching $187.91. About 4.34 million shares traded or 20.33% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since February 19, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Beeneet Kothari decreased its stake in Stamps Com Inc (STMP) by 20.12% based on its latest 2017Q3 regulatory filing with the SEC. Tekne Capital Management Llc sold 40,811 shares as the company’s stock declined 8.10% while stock markets rallied. The hedge fund run by Beeneet Kothari held 162,064 shares of the business services company at the end of 2017Q3, valued at $32.84 million, down from 202,875 at the end of the previous reported quarter. Tekne Capital Management Llc who had been investing in Stamps Com Inc for a number of months, seems to be less bullish one the $3.26 billion market cap company. The stock decreased 0.53% or $1 during the last trading session, reaching $186.65. About 310,785 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 54.88% since February 19, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

Among 9 analysts covering Stamps.com (NASDAQ:STMP), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Stamps.com had 26 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Sidoti given on Tuesday, January 12. B. Riley & Co maintained Stamps.com Inc. (NASDAQ:STMP) on Thursday, October 5 with “Buy” rating. Singular Research initiated it with “Buy” rating and $93 target in Monday, October 19 report. Singular Research maintained the shares of STMP in report on Monday, February 27 with “Buy” rating. The rating was downgraded by Sidoti to “Neutral” on Monday, November 9. The stock of Stamps.com Inc. (NASDAQ:STMP) has “Buy” rating given on Friday, November 6 by B. Riley & Co. FBR Capital maintained the stock with “Buy” rating in Friday, December 1 report. The rating was maintained by FBR Capital on Friday, February 9 with “Buy”. The company was initiated on Thursday, July 14 by Prescience Point. The firm has “Buy” rating given on Monday, November 9 by Singular Research.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on February, 22. They expect $2.14 earnings per share, down 13.71% or $0.34 from last year’s $2.48 per share. STMP’s profit will be $37.40 million for 21.80 P/E if the $2.14 EPS becomes a reality. After $2.57 actual earnings per share reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -16.73% negative EPS growth.

Investors sentiment is 1.01 in Q3 2017. Its the same as in 2017Q2. It is the same, as 26 investors sold STMP shares while 92 reduced holdings. only 60 funds opened positions while 59 raised stakes. 16.25 million shares or 8.57% less from 17.77 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Sys reported 10,261 shares. Sigma Planning Corp holds 0.02% or 1,450 shares in its portfolio. Par Management Inc accumulated 203,717 shares or 0.47% of the stock. Clark Management Group holds 0.05% or 7,994 shares in its portfolio. Whale Rock Mgmt Limited Liability invested in 140,407 shares or 1.48% of the stock. International Grp holds 12,530 shares. Tekne Capital Management Limited Liability Co invested in 6.65% or 162,064 shares. State Of Tennessee Treasury Department accumulated 173,712 shares. Rice Hall James Associates Llc owns 209,123 shares or 1.88% of their US portfolio. Engineers Gate Manager LP owns 0.06% invested in Stamps.com Inc. (NASDAQ:STMP) for 3,788 shares. Martingale Asset Mngmt Ltd Partnership has 0.03% invested in Stamps.com Inc. (NASDAQ:STMP). Citadel Advsr Ltd Liability stated it has 82,157 shares or 0.01% of all its holdings. Wells Fargo And Mn reported 0% of its portfolio in Stamps.com Inc. (NASDAQ:STMP). Panagora Asset Mngmt Inc invested 0.02% in Stamps.com Inc. (NASDAQ:STMP). Paloma Prns invested 0.01% in Stamps.com Inc. (NASDAQ:STMP).

Since August 24, 2017, it had 0 insider purchases, and 23 sales for $101.82 million activity. Carberry Jeffrey sold 59,583 shares worth $13.41 million. Shares for $229,500 were sold by Khechfe Amine on Friday, September 1. $4.60 million worth of Stamps.com Inc. (NASDAQ:STMP) shares were sold by Buerba Sebastian. MILLER LLOYD I III sold $3.47M worth of stock. 29,288 shares were sold by Biswas Michael John, worth $6.71M on Monday, October 23. Shares for $2.24 million were sold by Lipson Matthew A. on Tuesday, January 16.

Investors sentiment increased to 1.02 in 2017 Q3. 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. Cibc Ww Markets Incorporated reported 0% in Lam Research Corporation (NASDAQ:LRCX). First Business Ser Incorporated stated it has 3,373 shares. Utah-based Utah Retirement Sys has invested 0.12% in Lam Research Corporation (NASDAQ:LRCX). Piedmont Invest Advisors Ltd Liability Corporation invested in 43,400 shares or 0.17% of the stock. Frontier Management Limited Liability has invested 0.73% in Lam Research Corporation (NASDAQ:LRCX). The Alabama-based Oakworth Cap has invested 0.01% in Lam Research Corporation (NASDAQ:LRCX). Ssi Mgmt reported 0.04% in Lam Research Corporation (NASDAQ:LRCX). Scout Investments holds 0.77% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 151,506 shares. New Mexico Educational Retirement Board has invested 0.13% in Lam Research Corporation (NASDAQ:LRCX). Centers Of America reported 1,086 shares or 0.01% of all its holdings. Retirement Of Alabama holds 0.08% in Lam Research Corporation (NASDAQ:LRCX) or 78,815 shares. Tru Communications Of Toledo Na Oh holds 0.08% or 1,692 shares. Amica Pension Fund Board Of Trustees holds 0.2% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 9,079 shares. Conning holds 3,843 shares or 0.02% of its portfolio. Tower Rech Cap Ltd (Trc) stated it has 0.03% of its portfolio in Lam Research Corporation (NASDAQ:LRCX).

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 had 79 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by RBC Capital Markets on Thursday, January 25. Susquehanna maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, January 25. Susquehanna has “Buy” rating and $260.0 target. The company was maintained on Monday, June 5 by RBC Capital Markets. As per Thursday, December 7, the company rating was upgraded by Instinet. The rating was maintained by JP Morgan on Thursday, January 25 with “Overweight”. The firm earned “Overweight” rating on Tuesday, December 15 by Morgan Stanley. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Tuesday, October 17. RBC Capital Markets has “Buy” rating and $210.0 target. Needham maintained the shares of LRCX in report on Friday, September 1 with “Buy” rating. B. Riley & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, August 10 with “Buy” rating. The stock has “Buy” rating by Needham on Thursday, October 20.

Convergence Investment Partners Llc, which manages about $492.68 million and $705.85 million US Long portfolio, decreased its stake in Morgan Stanley (NYSE:MS) by 8,370 shares to 64,358 shares, valued at $3.10M in 2017Q3, according to the filing. It also reduced its holding in Rowan Companies Plc (NYSE:RDC) by 91,219 shares in the quarter, leaving it with 41,168 shares, and cut its stake in Science Applicatns Intl Cp N (NYSE:SAIC).

Since September 11, 2017, it had 0 buys, and 11 insider sales for $12.77 million activity. The insider Varadarajan Seshasayee sold 25,453 shares worth $5.47 million. ARCHER TIMOTHY also sold $2.11M worth of Lam Research Corporation (NASDAQ:LRCX) shares.

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