Cetera Advisors LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, Holdings Channel reports. The firm purchased 1,843 shares of the semiconductor company’s stock, valued at approximately $340,000.
Other large investors have also modified their holdings of the company. Schroder Investment Management Group lifted its holdings in Lam Research by 3,248.5% in the third quarter. Schroder Investment Management Group now owns 703,625 shares of the semiconductor company’s stock valued at $127,933,000 after buying an additional 682,612 shares during the period. Nordea Investment Management AB lifted its holdings in Lam Research by 66.0% in the third quarter. Nordea Investment Management AB now owns 1,575,269 shares of the semiconductor company’s stock valued at $291,488,000 after buying an additional 626,034 shares during the period. KBC Group NV lifted its holdings in Lam Research by 732.8% in the fourth quarter. KBC Group NV now owns 316,776 shares of the semiconductor company’s stock valued at $58,309,000 after buying an additional 278,737 shares during the period. Graticule Asia Macro Advisors LLC acquired a new position in Lam Research in the third quarter valued at $51,400,000. Finally, Janus Henderson Group PLC lifted its holdings in Lam Research by 5.7% in the third quarter. Janus Henderson Group PLC now owns 5,014,215 shares of the semiconductor company’s stock valued at $927,828,000 after buying an additional 271,546 shares during the period. Institutional investors own 92.49% of the company’s stock.
Shares of Lam Research Co. (NASDAQ LRCX) opened at $187.91 on Monday. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The company has a market cap of $30,620.00, a PE ratio of 64.13, a PEG ratio of 0.76 and a beta of 1.47. Lam Research Co. has a 52-week low of $113.65 and a 52-week high of $219.70.
Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 EPS for the quarter, topping the consensus estimate of $3.68 by $0.66. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.57 billion. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.24 earnings per share. research analysts anticipate that Lam Research Co. will post 16.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 6th. Lam Research’s payout ratio is presently 68.26%.
Lam Research announced that its board has approved a stock repurchase program on Tuesday, November 14th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Several equities analysts recently issued reports on LRCX shares. KeyCorp restated a “buy” rating and issued a $225.00 target price on shares of Lam Research in a report on Sunday, November 19th. BidaskClub lowered shares of Lam Research from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. B. Riley restated a “buy” rating and issued a $250.00 target price on shares of Lam Research in a report on Tuesday, November 14th. Vetr lowered shares of Lam Research from a “buy” rating to a “hold” rating and set a $218.49 target price on the stock. in a report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Lam Research from a “hold” rating to a “buy” rating and set a $234.00 target price on the stock in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $232.41.
In other news, VP Patrick J. Lord sold 264 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $216.08, for a total transaction of $57,045.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Seshasayee Varadarajan sold 25,453 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $215.00, for a total transaction of $5,472,395.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,767 shares of company stock valued at $5,540,141. 0.41% of the stock is currently owned by insiders.
Lam Research Company Profile
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
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