Lam Research Co. (NASDAQ:LRCX) is Blue Whale Capital LLP’s 5th Largest Position

Blue Whale Capital LLP increased its position in Lam Research Co. (NASDAQ:LRCX) by 36.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 98,559 shares of the semiconductor company’s stock after purchasing an additional 26,209 shares during the period. Lam Research accounts for about 6.3% of Blue Whale Capital LLP’s holdings, making the stock its 5th biggest holding. Blue Whale Capital LLP’s holdings in Lam Research were worth $80,432,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bedell Frazier Investment Counselling LLC increased its position in Lam Research by 10.1% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company’s stock worth $1,272,000 after purchasing an additional 143 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Lam Research during the 3rd quarter worth approximately $220,000. Fisher Asset Management LLC increased its position in Lam Research by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company’s stock worth $1,527,273,000 after purchasing an additional 11,093 shares during the period. SevenBridge Financial Group LLC increased its position in Lam Research by 906.4% during the 3rd quarter. SevenBridge Financial Group LLC now owns 32,770 shares of the semiconductor company’s stock worth $26,743,000 after purchasing an additional 29,514 shares during the period. Finally, Larson Financial Group LLC increased its position in Lam Research by 20,995.8% during the 3rd quarter. Larson Financial Group LLC now owns 5,063 shares of the semiconductor company’s stock worth $4,131,000 after purchasing an additional 5,039 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In related news, CAO Christina Correia sold 647 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total value of $528,928.97. Following the completion of the transaction, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This represents a 13.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LRCX shares. TD Cowen upped their price target on Lam Research from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Lam Research from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. B. Riley lowered their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.97.

Lam Research Trading Down 0.7 %

Shares of LRCX opened at $72.64 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 12 month low of $68.72 and a 12 month high of $113.00. The stock’s 50-day moving average is $76.93 and its two-hundred day moving average is $87.29. The stock has a market cap of $93.47 billion, a PE ratio of 23.48, a P/E/G ratio of 1.15 and a beta of 1.48.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the firm posted $6.85 earnings per share. Lam Research’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities analysts forecast that Lam Research Co. will post 3.52 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Lam Research 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.