Lam Research Co. (NASDAQ:LRCX) Holdings Trimmed by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC trimmed its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,614 shares of the semiconductor company’s stock after selling 4,380 shares during the period. Lam Research comprises 10.7% of Value Aligned Research Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Value Aligned Research Advisors LLC’s holdings in Lam Research were worth $41,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Creative Planning boosted its stake in shares of Lam Research by 2.5% during the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after purchasing an additional 1,146 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of Lam Research by 68.7% during the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock worth $29,372,000 after acquiring an additional 14,658 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Lam Research by 9.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 340,855 shares of the semiconductor company’s stock worth $278,165,000 after acquiring an additional 28,089 shares during the last quarter. Benson Investment Management Company Inc. purchased a new stake in Lam Research in the third quarter valued at approximately $5,182,000. Finally, Symmetry Investments LP acquired a new position in Lam Research during the second quarter worth approximately $3,229,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company lowered their price target on Lam Research from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Morgan Stanley decreased their target price on Lam Research from $81.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Mizuho cut their price target on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. B. Riley decreased their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.03.

Lam Research Stock Performance

Shares of LRCX opened at $70.17 on Wednesday. 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 business’s fifty day moving average price is $77.10 and its 200 day moving average price is $87.70. The stock has a market capitalization of $90.29 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.48.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $6.85 EPS. Equities research analysts forecast that Lam Research Co. will post 3.52 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

Insider Buying and Selling

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