Teacher Retirement System of Texas Grows Position in Lam Research Corporation $LRCX

Teacher Retirement System of Texas grew its holdings in Lam Research Corporation (NASDAQ:LRCX) by 40.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 570,446 shares of the semiconductor company’s stock after buying an additional 164,908 shares during the period. Teacher Retirement System of Texas’ holdings in Lam Research were worth $76,383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Gilliland Jeter Wealth Management LLC lifted its stake in Lam Research by 0.3% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock worth $3,548,000 after purchasing an additional 69 shares in the last quarter. Gold Investment Management Ltd. increased its holdings in shares of Lam Research by 0.5% in the third quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after purchasing an additional 70 shares during the last quarter. Hemington Wealth Management lifted its position in Lam Research by 4.3% during the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after buying an additional 72 shares in the last quarter. Magnus Financial Group LLC lifted its position in Lam Research by 0.3% during the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock worth $3,058,000 after buying an additional 76 shares in the last quarter. Finally, Natural Investments LLC boosted its stake in Lam Research by 2.4% during the third quarter. Natural Investments LLC now owns 3,408 shares of the semiconductor company’s stock worth $456,000 after buying an additional 79 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ:LRCX opened at $220.70 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock has a market capitalization of $277.21 billion, a P/E ratio of 48.61, a PEG ratio of 2.61 and a beta of 1.77. The company has a 50 day moving average price of $176.68 and a 200 day moving average price of $140.46. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $236.10.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. Equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

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

Insider Buying and Selling at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,418 shares of company stock valued at $7,667,305 in the last three months. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Dbs Bank lifted their price target on Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Oppenheimer set a $200.00 target price on shares of Lam Research and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Stifel Nicolaus raised their price target on shares of Lam Research from $160.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $265.00 price objective (up from $210.00) on shares of Lam Research in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.75.

Lam Research 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.