Lam Research Co. (LRCX) Holdings Cut by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA decreased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 41.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 680 shares of the semiconductor company’s stock after selling 472 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Lam Research were worth $126,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Lam Research by 61.9% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,111 shares of the semiconductor company’s stock worth $1,493,000 after acquiring an additional 3,100 shares during the period. Westover Capital Advisors LLC increased its stake in shares of Lam Research by 275.4% in the fourth quarter. Westover Capital Advisors LLC now owns 5,544 shares of the semiconductor company’s stock worth $1,020,000 after acquiring an additional 4,067 shares during the period. Banco de Sabadell S.A acquired a new stake in shares of Lam Research in the fourth quarter worth $1,342,000. Altman Advisors Inc. acquired a new stake in shares of Lam Research in the fourth quarter worth $1,407,000. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of Lam Research in the fourth quarter worth $224,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

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Shares of LRCX stock opened at $202.63 on Friday. The company has a market cap of $36,546.99, a price-to-earnings ratio of 22.34, a P/E/G ratio of 0.90 and a beta of 1.43. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. Lam Research Co. has a 52-week low of $124.91 and a 52-week high of $234.88.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.68 by $0.66. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.57 billion. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The company’s revenue was up 37.1% compared to the same quarter last year. During the same period last year, the firm posted $2.24 earnings per share. equities analysts expect that Lam Research Co. will post 16.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 6th. Lam Research’s payout ratio is 22.05%.

Lam Research declared that its board has initiated a stock buyback plan on Tuesday, March 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Lam Research from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Stifel Nicolaus increased their price objective on shares of Lam Research from $235.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. ValuEngine upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Lam Research from $229.00 to $238.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lam Research from $230.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Twenty-five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $243.69.

In other Lam Research news, insider Seshasayee Varadarajan sold 25,453 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $215.00, for a total transaction of $5,472,395.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sarah A. O’dowd sold 1,835 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $212.64, for a total transaction of $390,194.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,393 shares of company stock worth $19,222,556. Insiders own 0.41% of the company’s stock.

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Lam Research 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.

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

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