Lam Research Co. (LRCX) Shares Sold by Lingohr & Partner Asset Management GmbH

Lingohr & Partner Asset Management GmbH decreased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the semiconductor company’s stock after selling 1,100 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Lam Research were worth $1,062,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LRCX. FMR LLC lifted its position in Lam Research by 92.5% during the second quarter. FMR LLC now owns 2,329,989 shares of the semiconductor company’s stock valued at $402,737,000 after purchasing an additional 1,119,488 shares during the period. Swedbank raised its position in Lam Research by 64.3% in the second quarter. Swedbank now owns 1,795,483 shares of the semiconductor company’s stock worth $310,349,000 after acquiring an additional 702,660 shares during the period. Morgan Stanley raised its position in Lam Research by 83.1% in the second quarter. Morgan Stanley now owns 1,530,120 shares of the semiconductor company’s stock worth $264,481,000 after acquiring an additional 694,440 shares during the period. Bank of Montreal Can bought a new position in Lam Research in the second quarter worth approximately $81,818,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Lam Research in the second quarter worth approximately $454,000. Institutional investors own 92.37% of the company’s stock.

Shares of NASDAQ LRCX opened at $145.09 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.66 and a quick ratio of 2.31. The firm has a market capitalization of $22.41 billion, a PE ratio of 8.27, a PEG ratio of 0.75 and a beta of 1.32. Lam Research Co. has a 1 year low of $135.99 and a 1 year high of $234.88.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Tuesday, October 16th. The semiconductor company reported $3.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.22 by $0.14. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Lam Research had a net margin of 21.26% and a return on equity of 49.80%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.46 earnings per share. As a group, research analysts predict that Lam Research Co. will post 14.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 12th were paid a $1.10 dividend. The ex-dividend date was Tuesday, September 11th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.03%. Lam Research’s dividend payout ratio (DPR) is presently 24.62%.

LRCX has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Lam Research from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. UBS Group upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Tuesday, June 26th. Susquehanna Bancshares decreased their price target on shares of Lam Research from $290.00 to $260.00 and set a “positive” rating on the stock in a research report on Monday, July 9th. Citigroup decreased their price target on shares of Lam Research from $245.00 to $239.00 and set a “buy” rating on the stock in a research report on Friday, July 13th. Finally, Evercore ISI decreased their price target on shares of Lam Research to $240.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lam Research has an average rating of “Buy” and an average target price of $231.25.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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

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