Lam Research Co. (NASDAQ:LRCX) Stock Holdings Boosted by Sigma Planning Corp

Sigma Planning Corp boosted its position in Lam Research Co. (NASDAQ:LRCX) by 91.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,088 shares of the semiconductor company’s stock after buying an additional 1,948 shares during the quarter. Sigma Planning Corp’s holdings in Lam Research were worth $2,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Gemmer Asset Management LLC grew its stake in shares of Lam Research by 39.0% in the second quarter. Gemmer Asset Management LLC now owns 57 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 16 shares in the last quarter. Connable Office Inc. grew its stake in shares of Lam Research by 0.5% in the 2nd quarter. Connable Office Inc. now owns 3,410 shares of the semiconductor company’s stock worth $2,219,000 after purchasing an additional 16 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Lam Research by 0.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,996 shares of the semiconductor company’s stock worth $3,250,000 after purchasing an additional 16 shares during the last quarter. Clarius Group LLC grew its stake in shares of Lam Research by 1.3% in the 2nd quarter. Clarius Group LLC now owns 1,372 shares of the semiconductor company’s stock worth $893,000 after purchasing an additional 17 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its stake in shares of Lam Research by 0.6% in the 2nd quarter. Resources Management Corp CT ADV now owns 2,818 shares of the semiconductor company’s stock worth $1,834,000 after purchasing an additional 17 shares during the last quarter. 81.32% of the stock is owned by hedge funds and other institutional investors.

LRCX has been the subject of several recent analyst reports. Susquehanna cut shares of Lam Research from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $750.00 to $690.00 in a report on Tuesday, September 14th. Wells Fargo & Company decreased their price target on shares of Lam Research from $690.00 to $660.00 and set an “equal weight” rating for the company in a report on Thursday, July 29th. UBS Group decreased their price target on shares of Lam Research from $780.00 to $715.00 and set a “buy” rating for the company in a report on Tuesday, September 21st. Susquehanna Bancshares cut shares of Lam Research from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $750.00 to $690.00 in a report on Tuesday, September 14th. Finally, BNP Paribas cut shares of Lam Research from an “outperform” rating to a “neutral” rating and set a $640.00 price target for the company. in a report on Tuesday, September 7th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $702.83.

NASDAQ:LRCX opened at $544.41 on Thursday. Lam Research Co. has a 12 month low of $333.31 and a 12 month high of $673.80. The firm has a market cap of $77.28 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.05 and a beta of 1.24. The company has a quick ratio of 2.54, a current ratio of 3.30 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $590.59 and its 200-day moving average is $615.02.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 28th. The semiconductor company reported $8.09 EPS for the quarter, beating the Zacks’ consensus estimate of $7.53 by $0.56. Lam Research had a net margin of 26.72% and a return on equity of 70.92%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm posted $4.78 earnings per share. Research analysts predict that Lam Research Co. will post 33.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 13th. Stockholders of record on Tuesday, September 28th were issued a dividend of $1.50 per share. The ex-dividend date was Monday, September 27th. This is a positive change from Lam Research’s previous quarterly dividend of $1.30. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.10%. Lam Research’s payout ratio is 22.03%.

In related news, SVP Scott Gerald Meikle sold 500 shares of the business’s stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $603.79, for a total transaction of $301,895.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Timothy Archer sold 4,464 shares of Lam Research stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $600.00, for a total value of $2,678,400.00. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

About Lam Research

Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.

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

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