Roosevelt Investment Group Has Lowered Lam Research (LRCX) Stake, Waddell & Reed Financial Has Increased By $5.36 Million Its Cathay Gen Bancorp (CATY) Stake

June 20, 2017 - By Peter Erickson

Roosevelt Investment Group Inc decreased Lam Research Corporation (LRCX) stake by 11.25% reported in 2016Q4 SEC filing. Roosevelt Investment Group Inc sold 18,579 shares as Lam Research Corporation (LRCX)’s stock rose 32.64%. The Roosevelt Investment Group Inc holds 146,597 shares with $15.50 million value, down from 165,176 last quarter. Lam Research Corporation now has $25.03 billion valuation. The stock rose 0.87% or $1.32 reaching $152.32. About 553 shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since June 20, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Waddell & Reed Financial Inc increased Cathay Gen Bancorp (CATY) stake by 64.79% reported in 2016Q4 SEC filing. Waddell & Reed Financial Inc acquired 141,120 shares as Cathay Gen Bancorp (CATY)’s stock declined 7.41%. The Waddell & Reed Financial Inc holds 358,920 shares with $13.65M value, up from 217,800 last quarter. Cathay Gen Bancorp now has $3.07 billion valuation. The stock declined 0.72% or $0.28 reaching $38.45 on the news. About shares traded. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since June 20, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.

Waddell & Reed Financial Inc decreased Bed Bath & Beyond Inc (NASDAQ:BBBY) stake by 42,345 shares to 1.79 million valued at $72.95 million in 2016Q4. It also reduced Halliburton Co (NYSE:HAL) stake by 375,862 shares and now owns 15.63M shares. Alphabet Inc was reduced too.

Investors sentiment increased to 1.4 in 2016 Q4. Its up 0.34, from 1.06 in 2016Q3. It is positive, as 20 investors sold CATY shares while 53 reduced holdings. 25 funds opened positions while 77 raised stakes. 53.27 million shares or 1.63% more from 52.41 million shares in 2016Q3 were reported. Voya Inv Management Limited Liability stated it has 28,452 shares. Buckhead Capital Lc stated it has 19,550 shares. The Massachusetts-based Rhumbline Advisers has invested 0.02% in Cathay General Bancorp (NASDAQ:CATY). Vanguard Gru Inc, a Pennsylvania-based fund reported 6.80 million shares. Nuveen Asset Ltd Liability holds 73,615 shares or 0.01% of its portfolio. Oregon Public Employees Retirement Fund invested in 25,717 shares. Pioneer Investment Management reported 0.13% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Tiaa Cref Company Fsb Mo, Missouri-based fund reported 34,692 shares. Creative Planning has invested 0% in Cathay General Bancorp (NASDAQ:CATY). Sei Invs accumulated 0.01% or 53,380 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Cathay General Bancorp (NASDAQ:CATY) for 24,154 shares. Great West Life Assurance Communication Can holds 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 42,201 shares. Guernsey-based Airain has invested 0.04% in Cathay General Bancorp (NASDAQ:CATY). Capital Rech, a California-based fund reported 1.00 million shares. Moreover, Acadian Asset Mngmt Lc has 0% invested in Cathay General Bancorp (NASDAQ:CATY) for 625 shares.

Since January 30, 2017, it had 0 buys, and 9 insider sales for $11.58 million activity. BINGHAM KIM R also sold $395,000 worth of Cathay General Bancorp (NASDAQ:CATY) on Monday, February 27. 50,000 shares were sold by TANG ANTHONY M, worth $1.90M. $1.82 million worth of Cathay General Bancorp (NASDAQ:CATY) was sold by WU PETER on Monday, January 30. The insider CHENG DUNSON K sold 24,240 shares worth $943,561. LEE PATRICK had sold 3,500 shares worth $137,109 on Tuesday, March 7. LIU TING Y had sold 13,000 shares worth $507,520.

Among 5 analysts covering Cathay Bancorp (NASDAQ:CATY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Cathay Bancorp had 6 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Wood with “Market Perform” on Monday, July 11. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Overweight” rating by Piper Jaffray on Thursday, February 2. RBC Capital Markets maintained the shares of CATY in report on Wednesday, July 22 with “Outperform” rating. The company was upgraded on Thursday, February 2 by PiperJaffray. RBC Capital Markets maintained the shares of CATY in report on Thursday, January 21 with “Outperform” rating. The firm earned “Neutral” rating on Thursday, April 21 by DA Davidson.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on July, 26. They expect $3.02 EPS, up 67.78% or $1.22 from last year’s $1.8 per share. LRCX’s profit will be $496.26 million for 12.61 P/E if the $3.02 EPS becomes a reality. After $2.80 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 7.86% EPS growth.

Since December 23, 2016, it had 0 insider purchases, and 24 insider sales for $43.57 million activity. Gottscho Richard A sold $9.96 million worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, March 16. $2.31M worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by ARCHER TIMOTHY. Bettinger Douglas R had sold 17,322 shares worth $2.05M on Friday, February 24. $150,935 worth of stock was sold by LORD PATRICK J on Thursday, March 2. Shares for $759,976 were sold by O’Dowd Sarah A. Anstice Martin B had sold 16,000 shares worth $1.72 million. NEWBERRY STEPHEN G sold 20,047 shares worth $3.01M.

Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.20, from 1.18 in 2016Q3. It is negative, as 39 investors sold LRCX shares while 225 reduced holdings. 80 funds opened positions while 178 raised stakes. 159.58 million shares or 7.34% less from 172.22 million shares in 2016Q3 were reported. Main Street Ltd Liability has invested 1.93% in Lam Research Corporation (NASDAQ:LRCX). Deutsche State Bank Ag invested in 454,065 shares or 0.04% of the stock. Moreover, Adage Prns Ltd Liability Co has 0.41% invested in Lam Research Corporation (NASDAQ:LRCX). Ubs Asset Mgmt Americas Inc holds 543,244 shares or 0.06% of its portfolio. Davis Selected Advisers holds 4,355 shares or 0% of its portfolio. Parkwood Limited Liability Corp, a Ohio-based fund reported 4,712 shares. Louisiana State Employees Retirement Systems has 0.06% invested in Lam Research Corporation (NASDAQ:LRCX) for 10,200 shares. Nomura Asset Management Limited has invested 0.04% in Lam Research Corporation (NASDAQ:LRCX). 21,524 were reported by Cibc Mkts Inc. 504,207 are held by Sumitomo Mitsui Trust. Btc invested in 32,095 shares. Sensato Investors reported 158,211 shares. Price T Rowe Md has 690,049 shares. Foundry Llc, a Minnesota-based fund reported 138,355 shares. Pittenger & Anderson stated it has 0.01% in Lam Research Corporation (NASDAQ:LRCX).

Among 15 analysts covering Lam Research Corporation (NASDAQ:LRCX), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Lam Research Corporation had 36 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Buy” rating by Goldman Sachs given on Monday, December 19. As per Monday, November 21, the company rating was maintained by Stifel Nicolaus. The company was downgraded on Monday, October 5 by RBC Capital Markets. The stock has “Buy” rating by Citigroup on Friday, August 12. Cowen & Co maintained Lam Research Corporation (NASDAQ:LRCX) rating on Monday, May 16. Cowen & Co has “Outperform” rating and $85 target. B. Riley & Co maintained it with “Buy” rating and $120 target in Thursday, October 20 report. Needham maintained it with “Buy” rating and $145 target in Thursday, January 26 report. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Needham on Thursday, October 20. On Thursday, August 11 the stock rating was downgraded by Nomura to “Neutral”. The rating was upgraded by Pacific Crest to “Overweight” on Thursday, March 16.

Roosevelt Investment Group Inc increased Dominion Resources Inc 5.25 Pfd Se stake by 75,193 shares to 331,423 valued at $7.36 million in 2016Q4. It also upped Edwards Lifesciences Corp (NYSE:EW) stake by 118,011 shares and now owns 146,841 shares. Public Storage 6.000 Pfd Series Z was raised too.

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