Lam Research Co. (LRCX) Holdings Lifted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,708 shares of the semiconductor company’s stock after acquiring an additional 600 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Lam Research were worth $11,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wetherby Asset Management Inc. increased its stake in shares of Lam Research by 0.7% in the second quarter. Wetherby Asset Management Inc. now owns 1,789 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 12 shares in the last quarter. Fiduciary Trust Co. increased its stake in shares of Lam Research by 1.0% in the second quarter. Fiduciary Trust Co. now owns 2,044 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 20 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in shares of Lam Research by 1.0% in the second quarter. Hanseatic Management Services Inc. now owns 2,242 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 22 shares in the last quarter. ETRADE Capital Management LLC increased its stake in shares of Lam Research by 0.5% in the second quarter. ETRADE Capital Management LLC now owns 5,833 shares of the semiconductor company’s stock valued at $825,000 after buying an additional 28 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. increased its stake in shares of Lam Research by 0.8% in the second quarter. Cutter & CO Brokerage Inc. now owns 4,635 shares of the semiconductor company’s stock valued at $656,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

LRCX has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Lam Research in a research note on Friday, October 13th. KeyCorp restated a “buy” rating and issued a $225.00 target price on shares of Lam Research in a research note on Sunday, November 19th. BidaskClub lowered Lam Research from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. B. Riley restated a “buy” rating and issued a $250.00 target price on shares of Lam Research in a research note on Tuesday, November 14th. Finally, Berenberg Bank restated a “buy” rating and issued a $240.00 target price on shares of Lam Research in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $212.89.

In other news, Director Stephen G. Newberry sold 750 shares of Lam Research stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $170.00, for a total transaction of $127,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Patrick J. Lord sold 264 shares of Lam Research stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $216.08, for a total value of $57,045.12. The disclosure for this sale can be found here. Insiders have sold a total of 71,688 shares of company stock worth $13,783,130 in the last quarter. 0.41% of the stock is currently owned by company insiders.

Lam Research Co. (NASDAQ:LRCX) opened at $184.23 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.83 and a debt-to-equity ratio of 0.24. Lam Research Co. has a 1-year low of $102.69 and a 1-year high of $219.70. The stock has a market capitalization of $29,236.15, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.27 by $0.19. Lam Research had a return on equity of 30.19% and a net margin of 22.85%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the business earned $1.81 earnings per share. The company’s revenue was up 51.8% compared to the same quarter last year. sell-side analysts expect that Lam Research Co. will post 14.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, December 5th. This is a boost from Lam Research’s previous quarterly dividend of $0.45. Lam Research’s payout ratio is 18.28%.

Lam Research announced that its Board of Directors has initiated a share buyback plan on Tuesday, November 14th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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Lam Research Company Profile

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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

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