Wade G W & Inc. reduced its holdings in Lam Research Co. (NASDAQ:LRCX) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,467 shares of the semiconductor company’s stock after selling 105 shares during the quarter. Wade G W & Inc.’s holdings in Lam Research were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Mercer Capital Advisers Inc. acquired a new stake in Lam Research during the third quarter worth about $25,000. CX Institutional increased its stake in Lam Research by 137.8% during the second quarter. CX Institutional now owns 107 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 62 shares during the last quarter. Keebeck Wealth Management LLC acquired a new stake in Lam Research during the second quarter worth about $48,000. Hudock Inc. increased its stake in Lam Research by 55.1% during the third quarter. Hudock Inc. now owns 152 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 54 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in Lam Research during the third quarter worth about $57,000. Institutional investors own 85.27% of the company’s stock.
A number of equities research analysts have recently issued reports on LRCX shares. Barclays increased their target price on Lam Research from $315.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. B. Riley increased their target price on Lam Research from $450.00 to $465.00 in a research note on Thursday, October 22nd. Credit Suisse Group increased their target price on Lam Research from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Morgan Stanley increased their target price on Lam Research from $415.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Finally, DA Davidson increased their price target on Lam Research from $270.00 to $370.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Lam Research has a consensus rating of “Buy” and an average price target of $383.67.
Shares of Lam Research stock opened at $439.29 on Tuesday. The company has a current ratio of 3.31, a quick ratio of 2.68 and a debt-to-equity ratio of 0.92. The business’s 50 day simple moving average is $366.44 and its 200-day simple moving average is $329.41. The stock has a market capitalization of $63.26 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.03 and a beta of 1.18. Lam Research Co. has a twelve month low of $181.38 and a twelve month high of $439.65.
Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $5.67 EPS for the quarter, beating the consensus estimate of $5.17 by $0.50. Lam Research had a return on equity of 55.82% and a net margin of 23.60%. During the same period in the previous year, the company posted $3.18 EPS. Sell-side analysts predict that Lam Research Co. will post 22.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 9th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, December 8th. Lam Research’s dividend payout ratio is presently 32.60%.
In other news, Director Leslie F. Varon sold 225 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $406.45, for a total value of $91,451.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy Archer sold 15,540 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $370.00, for a total value of $5,749,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,128 shares of company stock valued at $23,954,139. Corporate insiders own 0.34% of the company’s stock.
Lam Research Profile
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Europe, Japan, Korea, Taiwan, and the southeast Asia. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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