Farmers & Merchants Investments Inc. Has $1.71 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Farmers & Merchants Investments Inc. cut its stake in shares of Lam Research Co. (NASDAQ:LRCXFree Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,185 shares of the semiconductor company’s stock after selling 40 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Lam Research were worth $1,711,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC raised its position in Lam Research by 117,180.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 32,822,222 shares of the semiconductor company’s stock valued at $13,795,180,000 after buying an additional 32,794,236 shares during the period. State Street Corp raised its position in Lam Research by 1.7% during the first quarter. State Street Corp now owns 5,697,200 shares of the semiconductor company’s stock valued at $3,029,550,000 after buying an additional 92,606 shares during the period. Geode Capital Management LLC raised its position in Lam Research by 0.8% during the first quarter. Geode Capital Management LLC now owns 2,542,805 shares of the semiconductor company’s stock valued at $1,345,403,000 after buying an additional 19,280 shares during the period. Morgan Stanley raised its position in Lam Research by 3.2% during the third quarter. Morgan Stanley now owns 1,857,918 shares of the semiconductor company’s stock valued at $1,164,490,000 after buying an additional 56,824 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Lam Research by 10.8% during the third quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company’s stock valued at $1,029,386,000 after buying an additional 159,815 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $628,903.41. Following the completion of the transaction, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Insiders sold a total of 7,029 shares of company stock worth $6,559,489 in the last 90 days. 0.32% of the stock is owned by company insiders.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $967.33 on Wednesday. The business has a 50 day moving average price of $917.08 and a 200 day moving average price of $770.03. Lam Research Co. has a twelve month low of $480.45 and a twelve month high of $1,007.39. The company has a market cap of $126.82 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 3.49 and a beta of 1.51. The company has a quick ratio of 2.02, a current ratio of 3.06 and a debt-to-equity ratio of 0.61.

Lam Research (NASDAQ:LRCXGet Free Report) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, beating the consensus estimate of $7.06 by $0.46. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company earned $10.71 EPS. The firm’s revenue for the quarter was down 28.8% compared to the same quarter last year. Research analysts predict that Lam Research Co. will post 28.88 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.83%. Lam Research’s payout ratio is 30.94%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LRCX. Deutsche Bank Aktiengesellschaft lowered Lam Research from a “buy” rating to a “hold” rating and upped their price target for the company from $680.00 to $725.00 in a research report on Tuesday, December 12th. Stifel Nicolaus boosted their target price on Lam Research from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Citigroup boosted their target price on Lam Research from $800.00 to $975.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $900.00 target price on shares of Lam Research in a research note on Monday, March 4th. Finally, Susquehanna boosted their target price on Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $826.68.

Read Our Latest Stock Analysis on Lam Research

About Lam Research

(Free Report)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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