Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA boosted its stake in Lam Research Co. (NASDAQ:LRCX) by 1,137.5% in the 3rd quarter, Holdings Channel reports. The firm owned 12,858 shares of the semiconductor company’s stock after purchasing an additional 11,819 shares during the period. Unigestion Holding SA’s holdings in Lam Research were worth $10,493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. Lantz Financial LLC purchased a new position in Lam Research during the 2nd quarter valued at about $212,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Lam Research by 3.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,248 shares of the semiconductor company’s stock valued at $29,015,000 after purchasing an additional 1,028 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in Lam Research by 3.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,018 shares of the semiconductor company’s stock worth $2,149,000 after buying an additional 76 shares during the period. ORG Partners LLC acquired a new stake in Lam Research during the 2nd quarter worth approximately $65,000. Finally, AlphaMark Advisors LLC boosted its position in Lam Research by 5.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 370 shares of the semiconductor company’s stock valued at $394,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In other Lam Research news, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the transaction, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at $3,488,315.17. The trade was a 13.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Lam Research Stock Performance

NASDAQ LRCX opened at $75.13 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. The company has a market capitalization of $96.67 billion, a P/E ratio of 24.31, a PEG ratio of 1.22 and a beta of 1.46. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The business has a 50 day moving average price of $76.15 and a 200 day moving average price of $85.92.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.85 earnings per share. Sell-side analysts expect that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LRCX. Citigroup cut their price objective on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research report on Monday, September 16th. Sanford C. Bernstein cut their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Morgan Stanley boosted their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.24.

About Lam Research

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.