Stephens Investment Management Group LLC decreased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 28.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,992 shares of the semiconductor company’s stock after selling 6,301 shares during the period. Stephens Investment Management Group LLC’s holdings in Lam Research were worth $2,944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sii Investments Inc. WI increased its holdings in shares of Lam Research by 6.0% during the third quarter. Sii Investments Inc. WI now owns 4,654 shares of the semiconductor company’s stock worth $858,000 after buying an additional 262 shares in the last quarter. Krilogy Financial LLC grew its stake in shares of Lam Research by 91.6% during the third quarter. Krilogy Financial LLC now owns 550 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 263 shares during the last quarter. Investec Asset Management PTY Ltd grew its stake in shares of Lam Research by 3.4% during the third quarter. Investec Asset Management PTY Ltd now owns 8,103 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 265 shares during the last quarter. Amalgamated Bank grew its stake in shares of Lam Research by 1.6% during the third quarter. Amalgamated Bank now owns 19,460 shares of the semiconductor company’s stock valued at $3,601,000 after purchasing an additional 298 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Lam Research by 31.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,250 shares of the semiconductor company’s stock valued at $231,000 after purchasing an additional 300 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Lam Research Co. (NASDAQ:LRCX) opened at $162.23 on Friday. Lam Research Co. has a 52 week low of $113.20 and a 52 week high of $219.70. The stock has a market cap of $27,967.54, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.69 and a beta of 1.47. The company has a quick ratio of 2.09, a current ratio of 2.47 and a debt-to-equity ratio of 0.29.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. Lam Research’s payout ratio is presently 22.05%.

Lam Research announced that its board has authorized a stock buyback program on Tuesday, November 14th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

LRCX has been the topic of several research analyst reports. Deutsche Bank increased their price target on shares of Lam Research to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. KeyCorp reissued a “buy” rating and set a $225.00 price target on shares of Lam Research in a research note on Sunday, November 19th. UBS Group raised shares of Lam Research from a “neutral” rating to a “positive” rating in a research note on Tuesday, January 16th. Finally, DA Davidson reissued a “buy” rating and set a $215.00 price target on shares of Lam Research in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $232.41.

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 value of $5,472,395.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael R. Cannon sold 9,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $212.43, for a total transaction of $1,911,870.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,722 shares of company stock worth $12,088,028. Insiders own 0.41% of the company’s stock.

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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.

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

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