482 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Strategic Advisors LLC

Strategic Advisors LLC bought a new position in Lam Research Co. (NASDAQ:LRCX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 482 shares of the semiconductor company’s stock, valued at approximately $393,000.

A number of other hedge funds also recently made changes to their positions in LRCX. Swedbank AB purchased a new stake in shares of Lam Research in the first quarter worth about $192,668,000. Van ECK Associates Corp raised its position in Lam Research by 24.6% during the first quarter. Van ECK Associates Corp now owns 968,115 shares of the semiconductor company’s stock valued at $940,592,000 after purchasing an additional 191,230 shares during the period. Vanguard Group Inc. raised its position in Lam Research by 1.2% during the first quarter. Vanguard Group Inc. now owns 11,856,661 shares of the semiconductor company’s stock valued at $11,519,576,000 after purchasing an additional 144,914 shares during the period. Price T Rowe Associates Inc. MD raised its position in Lam Research by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,959,151 shares of the semiconductor company’s stock valued at $2,875,023,000 after purchasing an additional 142,903 shares during the period. Finally, Natixis grew its stake in shares of Lam Research by 1,267.1% during the first quarter. Natixis now owns 142,967 shares of the semiconductor company’s stock valued at $138,902,000 after buying an additional 132,509 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 16,200 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $105.70, for a total value of $1,712,323.80. Following the completion of the transaction, the senior vice president now owns 52,370 shares in the company, valued at $5,535,456.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Lam Research news, SVP Neil J. Fernandes sold 16,200 shares of Lam Research stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $105.70, for a total transaction of $1,712,323.80. Following the completion of the transaction, the senior vice president now owns 52,370 shares in the company, valued at approximately $5,535,456.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total value of $528,928.97. Following the transaction, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at $3,488,315.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Lam Research Stock Down 0.7 %

Shares of LRCX traded down $0.56 during midday trading on Thursday, hitting $82.30. 3,445,042 shares of the company’s stock traded hands, compared to its average volume of 10,966,080. Lam Research Co. has a 1 year low of $57.44 and a 1 year high of $113.00. The firm’s fifty day moving average is $94.85 and its 200-day moving average is $96.42. The company has a current ratio of 2.97, a quick ratio of 2.00 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 3.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.82 billion. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, sell-side analysts anticipate that Lam Research Co. will post 35.2 earnings per share for the current year.

Lam Research Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were paid a $0.23 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. Lam Research’s dividend payout ratio (DPR) is 3.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Lam Research from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Wells Fargo & Company cut their target price on Lam Research from $1,000.00 to $880.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. TD Cowen upped their target price on Lam Research from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com raised Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, October 3rd. Finally, Cantor Fitzgerald dropped their price objective on Lam Research from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.28.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.