Jaffetilchin Investment Partners LLC boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,748 shares of the semiconductor company’s stock after purchasing an additional 516 shares during the period. Jaffetilchin Investment Partners LLC owned about 5,401.67% of Lam Research Corporation worth $1,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Lam Research Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 16,162,079 shares of the semiconductor company’s stock valued at $2,285,802,000 after purchasing an additional 411,951 shares in the last quarter. Janus Henderson Group PLC grew its position in Lam Research Corporation by 23,238.8% during the second quarter. Janus Henderson Group PLC now owns 4,742,669 shares of the semiconductor company’s stock valued at $670,756,000 after purchasing an additional 4,722,348 shares in the last quarter. American Century Companies Inc. grew its position in Lam Research Corporation by 7.8% during the second quarter. American Century Companies Inc. now owns 1,950,620 shares of the semiconductor company’s stock valued at $275,876,000 after purchasing an additional 141,444 shares in the last quarter. Harbour Capital Advisors LLC grew its position in Lam Research Corporation by 13,054.2% during the second quarter. Harbour Capital Advisors LLC now owns 1,890,919 shares of the semiconductor company’s stock valued at $13,370,000 after purchasing an additional 1,876,544 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Lam Research Corporation by 9.5% during the second quarter. UBS Asset Management Americas Inc. now owns 977,791 shares of the semiconductor company’s stock valued at $138,289,000 after purchasing an additional 84,912 shares in the last quarter. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lam Research Corporation (NASDAQ:LRCX) traded down $3.74 during trading on Thursday, reaching $207.50. 685,113 shares of the company’s stock traded hands, compared to its average volume of 2,427,712. The company has a market cap of $33,877.53, a price-to-earnings ratio of 18.02, a PEG ratio of 0.98 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.31 and a quick ratio of 2.83. Lam Research Corporation has a 12-month low of $94.89 and a 12-month high of $210.45.

Lam Research Corporation (NASDAQ:LRCX) last announced its quarterly earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.27 by $0.19. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.46 billion. Lam Research Corporation had a net margin of 22.85% and a return on equity of 30.19%. The business’s revenue for the quarter was up 51.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 EPS. sell-side analysts forecast that Lam Research Corporation will post 14.45 EPS for the current year.

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In other news, Director Stephen G. Newberry sold 750 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $195.09, for a total value of $146,317.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Timothy Archer sold 8,691 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $171.76, for a total transaction of $1,492,766.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,419 shares of company stock worth $7,167,497. 0.41% of the stock is owned by insiders.

LRCX has been the topic of a number of research analyst reports. BidaskClub raised shares of Lam Research Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. DA Davidson reiterated a “buy” rating and issued a $175.00 target price on shares of Lam Research Corporation in a research note on Wednesday, July 26th. B. Riley reiterated a “buy” rating and issued a $220.00 target price on shares of Lam Research Corporation in a research note on Thursday, July 27th. Cowen and Company reiterated an “outperform” rating and issued a $185.00 target price (up from $150.00) on shares of Lam Research Corporation in a research note on Thursday, July 27th. Finally, Needham & Company LLC lifted their target price on shares of Lam Research Corporation from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $209.32.

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.

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

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