Royal Fund Management LLC cut its holdings in Lam Research Co. (NASDAQ:LRCX – Free Report) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,969 shares of the semiconductor company’s stock after selling 1,308 shares during the period. Royal Fund Management LLC’s holdings in Lam Research were worth $4,083,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. CarsonAllaria Wealth Management Ltd. acquired a new position in Lam Research in the second quarter valued at approximately $32,000. RFP Financial Group LLC boosted its position in Lam Research by 52.2% during the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 12 shares during the period. Raleigh Capital Management Inc. boosted its position in Lam Research by 78.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 50 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 22 shares during the period. Hobbs Group Advisors LLC bought a new position in Lam Research during the 2nd quarter worth $40,000. Finally, Country Trust Bank acquired a new stake in Lam Research in the second quarter worth $43,000. Institutional investors own 84.61% of the company’s stock.
Insider Buying and Selling
In other Lam Research news, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lam Research news, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Neil J. Fernandes sold 16,200 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $105.70, for a total transaction of $1,712,323.80. Following the transaction, the senior vice president now owns 52,370 shares in the company, valued at approximately $5,535,456.63. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on LRCX
Lam Research Trading Down 0.0 %
Shares of Lam Research stock traded down $0.03 on Wednesday, reaching $80.98. 488,988 shares of the company were exchanged, compared to its average volume of 10,960,967. Lam Research Co. has a fifty-two week low of $57.44 and a fifty-two week high of $113.00. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 2.98, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. 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 fifty day moving average price of $95.03 and a 200-day moving average price of $96.52.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm’s revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that Lam Research Co. will post 35.2 EPS for the current year.
Lam Research Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.14%. The ex-dividend date was Tuesday, September 17th. Lam Research’s payout ratio is 3.38%.
About Lam Research
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.
Featured Stories
- Five stocks we like better than Lam Research
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Insiders Hold Tight as Helen of Troy Prepares for a Major Rebound
- 5 Top Rated Dividend Stocks to Consider
- Is SelectQuote a Double-Bagger Stock? Analysts Predict Huge Gains
- What is a buyback in stocks? A comprehensive guide for investors
- This Major Sell-Off in Chinese Stocks Could Be Your Buy Signal
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.