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Pl Capital Advisors Has Lifted Its Independent Bank Mich (IBCP) Position by $2.47 Million; Robeco Institutional Asset Management Has Cut Lam Research (LRCX) Position by $6.36 Million; Stock Value Declined

Independent Bank Corporation (NASDAQ:IBCP) Logo

Pl Capital Advisors Llc increased its stake in Independent Bank Mich (IBCP) by 10.21% based on its latest 2018Q3 regulatory filing with the SEC. Pl Capital Advisors Llc bought 107,300 shares as the company’s stock declined 13.72% with the market. The institutional investor held 1.16 million shares of the major banks company at the end of 2018Q3, valued at $27.39M, up from 1.05M at the end of the previous reported quarter. Pl Capital Advisors Llc who had been investing in Independent Bank Mich for a number of months, seems to be bullish on the $542.86M market cap company. The stock decreased 0.53% or $0.12 during the last trading session, reaching $22.52. About 11,483 shares traded. Independent Bank Corporation (NASDAQ:IBCP) has declined 7.15% since January 14, 2018 and is downtrending. It has underperformed by 7.15% the S&P500. Some Historical IBCP News: 23/05/2018 – OTC Markets Group Welcomes Citizens Independent Bancorp to OTCQX; 11/04/2018 – Idaho Independent Bank 1Q EPS 18c; 22/03/2018 – Independent Bank – Mich Closes Below 50-Day Average: Technicals; 15/03/2018 – INDEPENDENT BANK: HOLDER APPROVAL TO BUY TRAVERSE CITY STATE; 02/04/2018 – Independent Bank Corporation Announces Completion Of Merger With TCSB Bancorp, Inc; 24/04/2018 – Independent Bank Corporation Announces Appointment of Terry Beia to Its Board of Directors; 24/04/2018 – Independent Bank Corp: Terry Beia Appointed to Its Bd of Directors; 20/04/2018 – DJ Independent Bank Corporation, Inst Holders, 1Q 2018 (IBCP); 15/03/2018 – INDEPENDENT BANK CORP – MERGER OF CO AND TCSB IS CURRENTLY EXPECTED TO BE EFFECTIVE ON APR. 1, 2018; 15/03/2018 Independent Bank Corporation Announces Shareholder Approval To Acquire Traverse City State Bank

Robeco Institutional Asset Management decreased its stake in Lam Research Corp (LRCX) by 31.81% based on its latest 2018Q3 regulatory filing with the SEC. Robeco Institutional Asset Management sold 42,134 shares as the company’s stock declined 13.57% with the market. The institutional investor held 90,325 shares of the industrial machinery and components company at the end of 2018Q3, valued at $13.70M, down from 132,459 at the end of the previous reported quarter. Robeco Institutional Asset Management who had been investing in Lam Research Corp for a number of months, seems to be less bullish one the $21.83 billion market cap company. The stock decreased 2.37% or $3.41 during the last trading session, reaching $140.7. About 1.11 million shares traded. Lam Research Corporation (NASDAQ:LRCX) has declined 27.14% since January 14, 2018 and is downtrending. It has underperformed by 27.14% the S&P500. Some Historical LRCX News: 06/03/2018 – Lam Research: Capital Return Plan Includes Additional $2B Shr Repurchase Authorization; 06/03/2018 – LAM RESEARCH: ADDED $2B SHARE BUYBACK; 15/05/2018 – Pointstate Capital Buys New 1.1% Position in Lam Research; 17/04/2018 – Lam Research Sees 4Q EPS $4.77; 06/03/2018 – LAM RESEARCH SAYS CY2021 TARGET MODEL REV. $14.5B-$15.5B; 16/04/2018 – Lam Research Corp expected to post earnings of $4.38 a share – Earnings Preview; 17/04/2018 – LAM RESEARCH CORP QTRLY SHIPMENTS OF $3.13 BLN AND REVENUE OF $2.89 BLN; 17/04/2018 – LAM RESEARCH CORP LRCX.O QUARTERLY NON-GAAP SHR $4.79; 17/04/2018 – Lam Research Beats Revenue, EPS Expectations– Earnings Review; 06/03/2018 Lam Research Corporation Announces Capital Return Program

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 23. They expect $3.67 EPS, down 15.44% or $0.67 from last year’s $4.34 per share. LRCX’s profit will be $569.52M for 9.58 P/E if the $3.67 EPS becomes a reality. After $3.36 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 9.23% EPS growth.

Investors sentiment decreased to 0.77 in Q3 2018. Its down 0.28, from 1.05 in 2018Q2. It worsened, as 88 investors sold LRCX shares while 259 reduced holdings. 77 funds opened positions while 191 raised stakes. 133.35 million shares or 1.21% less from 134.98 million shares in 2018Q2 were reported. Thompson Siegel And Walmsley Limited Liability Corporation holds 0% or 85 shares in its portfolio. Westpac Banking reported 0% stake. Korea Inv Corporation holds 57,908 shares or 0.04% of its portfolio. Hennessy Advisors Inc holds 17,067 shares or 0.1% of its portfolio. Perkins Coie accumulated 0.01% or 198 shares. Nuveen Asset Management Limited Liability Corporation holds 0.15% or 186,204 shares. Epoch Invest Ptnrs holds 36,461 shares or 0.02% of its portfolio. Suntrust Banks has invested 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Ativo Capital Mgmt Ltd Liability Co stated it has 0.29% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Ontario Teachers Pension Plan Board holds 9,718 shares or 0.02% of its portfolio. Price T Rowe Incorporated Md owns 8.47 million shares. Bowling Management Limited Liability Company accumulated 29,484 shares or 0.63% of the stock. 36,900 were accumulated by Guinness Atkinson Asset Inc. Parkside State Bank And Tru reported 240 shares. Odey Asset Mngmt Gru Limited holds 0.09% or 7,096 shares in its portfolio.

Robeco Institutional Asset Management, which manages about $23.81B US Long portfolio, upped its stake in Kforce Inc (NASDAQ:KFRC) by 15,316 shares to 30,632 shares, valued at $1.10M in 2018Q3, according to the filing. It also increased its holding in Mckesson Corp (NYSE:MCK) by 14,444 shares in the quarter, for a total of 79,014 shares, and has risen its stake in Southern Co (NYSE:SO).

Among 27 analysts covering Lam Research Corporation (NASDAQ:LRCX), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 70% are positive. Lam Research Corporation had 113 analyst reports since September 17, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Buy” on Sunday, November 19. Needham maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, January 25 with “Buy” rating. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Thursday, December 7 by Instinet. B. Riley & Co maintained Lam Research Corporation (NASDAQ:LRCX) rating on Wednesday, April 18. B. Riley & Co has “Buy” rating and $285 target. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Citigroup on Monday, May 14. The firm has “Buy” rating by Deutsche Bank given on Thursday, January 25. The company was maintained on Friday, July 7 by Morgan Stanley. The company was maintained on Friday, September 1 by Needham. Bank of America downgraded the stock to “Neutral” rating in Tuesday, August 28 report. The firm earned “Overweight” rating on Friday, July 27 by KeyBanc Capital Markets.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Investorplace.com which released: “10 Stocks to Pull From the Bear Market Bargain Bin – Investorplace.com” on January 02, 2019, also Nasdaq.com with their article: “Lam Research (LRCX) Q4 Earnings and Revenues Beat Estimates – Nasdaq” published on July 26, 2018, Nasdaq.com published: “Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for December 04, 2018 – Nasdaq” on December 03, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Nasdaq.com and their article: “Noteworthy Thursday Option Activity: BA, NVTR, LRCX – Nasdaq” published on August 16, 2018 as well as Nasdaq.com‘s news article titled: “Lam Research (LRCX) Stock Moves -0.9%: What You Should Know – Nasdaq” with publication date: December 21, 2018.

Since September 6, 2018, it had 2 insider buys, and 2 sales for $295,223 activity. Ervin Patrick J had bought 1,000 shares worth $21,899. $34,606 worth of Independent Bank Corporation (NASDAQ:IBCP) shares were sold by Daniel Larry R Jr.

Pl Capital Advisors Llc, which manages about $222.10M and $385.75 million US Long portfolio, decreased its stake in Jpmorgan Chase & Co Wt Exp 102818 by 40,000 shares to 26,010 shares, valued at $1.89M in 2018Q3, according to the filing.

Investors sentiment decreased to 1.52 in 2018 Q3. Its down 0.66, from 2.18 in 2018Q2. It fall, as 11 investors sold IBCP shares while 33 reduced holdings. 19 funds opened positions while 48 raised stakes. 17.58 million shares or 2.46% more from 17.16 million shares in 2018Q2 were reported. Ubs Asset Americas invested in 10,800 shares. Ajo Limited Partnership reported 197,741 shares. State Bank Of America De invested in 136,265 shares. Wells Fargo & Mn has invested 0% in Independent Bank Corporation (NASDAQ:IBCP). American Intll Gru has invested 0% in Independent Bank Corporation (NASDAQ:IBCP). Pnc Financial Gp owns 89 shares for 0% of their portfolio. Moreover, Calamos Advsrs Ltd Liability has 0% invested in Independent Bank Corporation (NASDAQ:IBCP). Petrus Lta invested 0.05% in Independent Bank Corporation (NASDAQ:IBCP). Public Employees Retirement Of Ohio reported 16,910 shares. 71,619 were accumulated by First Trust Advsr L P. Federated Pa has 6,158 shares for 0% of their portfolio. 70,179 were reported by Bowling Port Limited. Martingale Asset Management Lp holds 145,769 shares or 0.04% of its portfolio. Japan-based Tokio Marine Asset Limited has invested 0.09% in Independent Bank Corporation (NASDAQ:IBCP). Bailard Incorporated owns 30,500 shares for 0.04% of their portfolio.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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