Robeco Institutional Asset Management B.V. Has $87.48 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,196 shares of the semiconductor company’s stock after selling 2,807 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Lam Research were worth $87,481,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LRCX. CarsonAllaria Wealth Management Ltd. acquired a new stake in Lam Research during the second quarter worth approximately $32,000. RFP Financial Group LLC increased its stake in shares of Lam Research by 52.2% during the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 12 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Lam Research during the 2nd quarter worth approximately $40,000. Country Trust Bank bought a new stake in Lam Research in the 2nd quarter valued at $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Lam Research in the second quarter valued at about $45,000. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related news, CAO Christina Correia sold 647 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

Lam Research Price Performance

Shares of LRCX opened at $74.17 on Tuesday. The business has a 50-day moving average of $77.94 and a 200-day moving average of $88.82. 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 $96.97 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.18 and a beta of 1.48. Lam Research Co. has a 1 year low of $62.81 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company earned $6.85 EPS. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, equities research analysts anticipate that Lam Research Co. will post 3.52 earnings per share for the current year.

Lam Research Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.92 dividend on an annualized basis and a yield of 1.24%. Lam Research’s payout ratio is currently 29.77%.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. UBS Group lowered their price objective on Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Wells Fargo & Company lowered their target price on Lam Research from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, Mizuho cut their target price on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.03.

Lam Research Profile

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.