Lam Research Co. (NASDAQ:LRCX) Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Lam Research Co. (NASDAQ:LRCXGet Rating) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,465 shares of the semiconductor company’s stock after buying an additional 711 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Lam Research were worth $7,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. KRS Capital Management LLC raised its stake in shares of Lam Research by 1.4% during the second quarter. KRS Capital Management LLC now owns 1,497 shares of the semiconductor company’s stock valued at $638,000 after purchasing an additional 20 shares during the period. Beaumont Financial Partners LLC raised its stake in shares of Lam Research by 0.8% during the second quarter. Beaumont Financial Partners LLC now owns 2,595 shares of the semiconductor company’s stock valued at $1,106,000 after purchasing an additional 20 shares during the period. Intercontinental Wealth Advisors LLC raised its stake in shares of Lam Research by 3.2% during the first quarter. Intercontinental Wealth Advisors LLC now owns 711 shares of the semiconductor company’s stock valued at $382,000 after purchasing an additional 22 shares during the period. Financial Advocates Investment Management raised its stake in shares of Lam Research by 3.3% during the first quarter. Financial Advocates Investment Management now owns 696 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 22 shares during the period. Finally, Hudock Inc. raised its stake in shares of Lam Research by 10.6% during the second quarter. Hudock Inc. now owns 230 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 22 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX stock traded up $5.78 during trading on Thursday, hitting $461.40. The company had a trading volume of 823,667 shares, compared to its average volume of 2,077,977. The company has a current ratio of 2.69, a quick ratio of 1.83 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average of $398.23 and a 200 day moving average of $440.43. Lam Research Co. has a fifty-two week low of $299.59 and a fifty-two week high of $731.85. The firm has a market capitalization of $62.93 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 1.86 and a beta of 1.37.

Lam Research (NASDAQ:LRCXGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The semiconductor company reported $10.42 EPS for the quarter, topping the consensus estimate of $9.54 by $0.88. Lam Research had a net margin of 26.96% and a return on equity of 74.74%. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same period in the previous year, the business earned $8.36 earnings per share. Lam Research’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, research analysts predict that Lam Research Co. will post 34.63 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $1.725 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $6.90 annualized dividend and a yield of 1.50%. Lam Research’s payout ratio is presently 19.79%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Lam Research from $640.00 to $515.00 and set an “overweight” rating for the company in a research note on Thursday, October 20th. Wells Fargo & Company dropped their price target on shares of Lam Research from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Thursday, October 20th. Barclays dropped their price target on shares of Lam Research from $405.00 to $300.00 and set an “equal weight” rating for the company in a research note on Thursday, October 13th. Cowen dropped their price target on shares of Lam Research from $800.00 to $620.00 in a research note on Thursday, July 28th. Finally, The Goldman Sachs Group dropped their price target on shares of Lam Research from $504.00 to $434.00 and set a “buy” rating for the company in a research note on Friday, October 14th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $484.86.

About Lam Research

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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.

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

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