22,664 Shares in Lam Research Co. (LRCX) Acquired by Linscomb & Williams Inc.

Linscomb & Williams Inc. bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the 1st quarter, HoldingsChannel.com reports. The fund bought 22,664 shares of the semiconductor company’s stock, valued at approximately $4,057,000.

A number of other hedge funds also recently made changes to their positions in LRCX. We Are One Seven LLC acquired a new stake in Lam Research in the fourth quarter valued at approximately $26,000. Berman Capital Advisors LLC acquired a new stake in Lam Research in the fourth quarter valued at approximately $26,000. Global Retirement Partners LLC raised its holdings in Lam Research by 119.4% in the first quarter. Global Retirement Partners LLC now owns 147 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 80 shares in the last quarter. Duncker Streett & Co. Inc. raised its holdings in Lam Research by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 200 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Finally, FTB Advisors Inc. raised its holdings in Lam Research by 72.0% in the fourth quarter. FTB Advisors Inc. now owns 215 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 90 shares in the last quarter. 88.59% of the stock is owned by institutional investors.

LRCX stock opened at $181.90 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.79 and a current ratio of 3.37. Lam Research Co. has a twelve month low of $122.64 and a twelve month high of $209.50. The company has a market cap of $27.27 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.09 and a beta of 1.57.



Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.32. Lam Research had a net margin of 25.64% and a return on equity of 46.66%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the company earned $4.79 earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. As a group, analysts predict that Lam Research Co. will post 14.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $4.40 dividend on an annualized basis and a yield of 2.42%. Lam Research’s payout ratio is currently 24.62%.

LRCX has been the topic of several analyst reports. Citigroup reaffirmed a “buy” rating and issued a $215.00 target price (up previously from $177.00) on shares of Lam Research in a report on Friday, March 15th. Mizuho reaffirmed a “buy” rating and issued a $180.00 target price on shares of Lam Research in a report on Tuesday, April 16th. Zacks Investment Research raised shares of Lam Research from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. UBS Group raised their price objective on shares of Lam Research from $170.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Deutsche Bank raised their price objective on shares of Lam Research from $160.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Lam Research presently has an average rating of “Hold” and an average target price of $224.78.

In other news, SVP Kevin Jennings sold 7,016 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $177.35, for a total transaction of $1,244,287.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard A. Gottscho sold 7,248 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $209.26, for a total transaction of $1,516,716.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,125 shares of company stock worth $6,772,290. Insiders own 0.44% of the company’s stock.

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Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

Further Reading: Buy-Side Analysts

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX).

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

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