Lam Research Co. (NASDAQ:LRCX) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 18,847 shares of the semiconductor company’s stock after acquiring an additional 63 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lam Research were worth $4,356,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LRCX. Hexavest Inc. acquired a new position in Lam Research during the second quarter worth $28,000. MUFG Americas Holdings Corp lifted its stake in Lam Research by 75.0% during the second quarter. MUFG Americas Holdings Corp now owns 175 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 75 shares in the last quarter. Next Capital Management LLC acquired a new position in Lam Research during the second quarter worth $35,000. Marquette Asset Management LLC acquired a new position in Lam Research during the third quarter worth $35,000. Finally, HM Payson & Co. purchased a new stake in shares of Lam Research during the second quarter worth $36,000. Institutional investors own 88.68% of the company’s stock.

NASDAQ:LRCX opened at $272.68 on Friday. The firm has a market capitalization of $40.32 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.36 and a beta of 1.67. The business’s fifty day moving average price is $247.19 and its 200 day moving average price is $210.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.59 and a quick ratio of 2.99. Lam Research Co. has a 12 month low of $122.64 and a 12 month high of $282.88.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.17 billion. Lam Research had a return on equity of 43.11% and a net margin of 22.38%. Lam Research’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.36 earnings per share. As a group, equities analysts anticipate that Lam Research Co. will post 15.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, September 30th. This is a positive change from Lam Research’s previous quarterly dividend of $1.10. Lam Research’s dividend payout ratio is 31.62%.

In other Lam Research news, EVP Richard A. Gottscho sold 3,741 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $219.00, for a total value of $819,279.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas R. Bettinger sold 18,693 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $279.03, for a total transaction of $5,215,907.79. The disclosure for this sale can be found here. Insiders sold 88,202 shares of company stock worth $21,620,104 in the last three months. 0.43% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the company. Cowen upped their price objective on Lam Research from $235.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Susquehanna Bancshares upped their price objective on Lam Research from $195.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. B. Riley upped their price objective on Lam Research from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Goldman Sachs Group lowered Lam Research from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, KeyCorp cut their price objective on Lam Research from $261.00 to $252.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Lam Research has an average rating of “Buy” and a consensus price target of $258.58.

About Lam Research

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.

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

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