Norinchukin Bank The Has $1.58 Million Holdings in Lam Research Corporation (LRCX)

Norinchukin Bank The raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,194 shares of the semiconductor company’s stock after buying an additional 611 shares during the quarter. Norinchukin Bank The’s holdings in Lam Research Corporation were worth $1,583,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Lam Research Corporation by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 15,750,128 shares of the semiconductor company’s stock valued at $2,021,687,000 after buying an additional 471,405 shares in the last quarter. State Street Corp grew its holdings in shares of Lam Research Corporation by 4.6% during the 1st quarter. State Street Corp now owns 7,112,786 shares of the semiconductor company’s stock worth $912,994,000 after purchasing an additional 313,082 shares during the period. Janus Capital Management LLC grew its holdings in shares of Lam Research Corporation by 13.7% during the 1st quarter. Janus Capital Management LLC now owns 3,608,710 shares of the semiconductor company’s stock worth $463,214,000 after purchasing an additional 433,555 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Lam Research Corporation by 3.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 2,373,238 shares of the semiconductor company’s stock worth $304,629,000 after purchasing an additional 82,974 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Lam Research Corporation by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 1,950,620 shares of the semiconductor company’s stock worth $275,876,000 after purchasing an additional 141,444 shares during the period. Institutional investors own 94.10% of the company’s stock.

Lam Research Corporation (NASDAQ LRCX) opened at 172.99 on Friday. The company’s 50-day moving average price is $161.26 and its 200 day moving average price is $147.54. Lam Research Corporation has a 1-year low of $90.56 and a 1-year high of $174.37. The firm has a market cap of $28.10 billion, a price-to-earnings ratio of 18.72 and a beta of 1.47.

Lam Research Corporation (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $3.02 by $0.09. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.31 billion. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. The business’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 earnings per share. On average, equities analysts expect that Lam Research Corporation will post $12.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is presently 19.57%.

LRCX has been the subject of a number of research analyst reports. BidaskClub upgraded Lam Research Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reiterated an “overweight” rating and set a $176.00 price target on shares of Lam Research Corporation in a report on Monday, August 14th. Stifel Nicolaus reiterated a “buy” rating and set a $189.00 price target (up from $170.00) on shares of Lam Research Corporation in a report on Monday, June 19th. DA Davidson reiterated a “buy” rating and set a $175.00 price target on shares of Lam Research Corporation in a report on Wednesday, July 26th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Lam Research Corporation in a report on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Lam Research Corporation presently has a consensus rating of “Buy” and an average price target of $177.68.

In other Lam Research Corporation news, Director Stephen G. Newberry sold 750 shares of the business’s 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Timothy Archer sold 6,897 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total value of $1,106,968.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,338 shares of company stock valued at $4,717,492. 0.46% of the stock is owned by company insiders.

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Lam Research Corporation 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.

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

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