Lam Research Corporation (LRCX) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale grew its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,554 shares of the semiconductor company’s stock after buying an additional 3,917 shares during the period. DekaBank Deutsche Girozentrale owned about 0.13% of Lam Research Corporation worth $33,808,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in Lam Research Corporation during the 2nd quarter worth approximately $254,000. Bollard Group LLC bought a new position in Lam Research Corporation during the 3rd quarter worth approximately $130,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Lam Research Corporation during the 3rd quarter worth approximately $134,000. Odey Holdings AG lifted its holdings in Lam Research Corporation by 9.9% during the 2nd quarter. Odey Holdings AG now owns 810 shares of the semiconductor company’s stock worth $115,000 after buying an additional 73 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new position in Lam Research Corporation during the 2nd quarter worth approximately $118,000. 93.05% of the stock is currently owned by institutional investors.
In other news, COO Timothy Archer sold 15,638 shares of Lam Research Corporation stock in a transaction on Monday, September 18th. The stock was sold at an average price of $175.65, for a total transaction of $2,746,814.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen G. Newberry sold 750 shares of Lam Research Corporation stock in a transaction on Monday, September 11th. The shares were sold at an average price of $170.00, for a total value of $127,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,419 shares of company stock worth $7,167,497. 0.41% of the stock is owned by insiders.
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Shares of Lam Research Corporation (NASDAQ:LRCX) traded up $1.84 during mid-day trading on Tuesday, hitting $209.23. The stock had a trading volume of 1,457,600 shares, compared to its average volume of 2,085,258. Lam Research Corporation has a one year low of $97.51 and a one year high of $211.41. The firm has a market cap of $33,586.02, a PE ratio of 17.86, a PEG ratio of 0.97 and a beta of 1.63. The company has a current ratio of 3.31, a quick ratio of 2.83 and a debt-to-equity ratio of 0.24.
Lam Research Corporation (NASDAQ:LRCX) last issued its quarterly earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.19. Lam Research Corporation had a return on equity of 30.19% and a net margin of 22.85%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm earned $1.81 EPS. The firm’s revenue for the quarter was up 51.8% on a year-over-year basis. sell-side analysts predict that Lam Research Corporation will post 14.45 EPS for the current year.
A number of research firms have commented on LRCX. Argus increased their target price on Lam Research Corporation from $196.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Berenberg Bank reissued a “buy” rating and issued a $240.00 price target on shares of Lam Research Corporation in a report on Thursday, October 19th. Needham & Company LLC raised their price target on Lam Research Corporation from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Bank of America Corporation raised their price target on Lam Research Corporation from $230.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, J P Morgan Chase & Co reissued a “buy” rating and issued a $230.00 price target on shares of Lam Research Corporation in a report on Wednesday, October 18th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Lam Research Corporation presently has a consensus rating of “Buy” and an average price target of $209.32.
Lam Research Corporation 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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