Vanguard Personalized Indexing Management LLC Boosts Stake in Lam Research Corporation $LRCX

Vanguard Personalized Indexing Management LLC grew its stake in Lam Research Corporation (NASDAQ:LRCX) by 1.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 205,971 shares of the semiconductor company’s stock after buying an additional 3,244 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Lam Research were worth $27,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lam Research by 1.1% in the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock worth $12,713,506,000 after purchasing an additional 1,457,163 shares during the period. State Street Corp grew its position in shares of Lam Research by 1.1% during the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock worth $5,810,172,000 after purchasing an additional 629,666 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC raised its stake in Lam Research by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after purchasing an additional 1,135,405 shares during the period. Finally, Norges Bank purchased a new position in Lam Research in the 2nd quarter worth approximately $1,894,585,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LRCX has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $225.00 price objective (up previously from $175.00) on shares of Lam Research in a research report on Monday, January 12th. Royal Bank Of Canada set a $260.00 price target on shares of Lam Research in a research note on Wednesday, January 14th. Bank of America increased their price objective on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Stifel Nicolaus lifted their target price on Lam Research from $160.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, BNP Paribas Exane boosted their target price on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.52.

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 41,408 shares of company stock valued at $6,248,501. 0.31% of the stock is owned by company insiders.

Lam Research Stock Down 1.3%

Shares of NASDAQ LRCX opened at $217.94 on Monday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $236.10. The firm has a 50-day simple moving average of $178.08 and a two-hundred day simple moving average of $141.88. The company has a market cap of $273.74 billion, a P/E ratio of 48.00, a PEG ratio of 2.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.