State of Wisconsin Investment Board raised its position in Lam Research Corporation (NASDAQ:LRCX) by 69.1% during the second quarter, Holdings Channel reports. The firm owned 272,580 shares of the semiconductor company’s stock after buying an additional 111,380 shares during the period. State of Wisconsin Investment Board’s holdings in Lam Research Corporation were worth $38,551,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in LRCX. Harbour Capital Advisors LLC raised its stake in Lam Research Corporation by 13,054.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,890,919 shares of the semiconductor company’s stock worth $13,370,000 after buying an additional 1,876,544 shares during the period. Soros Fund Management LLC acquired a new stake in Lam Research Corporation during the first quarter worth approximately $71,978,000. Vanguard Group Inc. raised its stake in Lam Research Corporation by 3.1% in the first quarter. Vanguard Group Inc. now owns 15,750,128 shares of the semiconductor company’s stock worth $2,021,687,000 after buying an additional 471,405 shares during the period. Acadian Asset Management LLC raised its stake in Lam Research Corporation by 260.9% in the second quarter. Acadian Asset Management LLC now owns 626,623 shares of the semiconductor company’s stock worth $88,624,000 after buying an additional 452,972 shares during the period. Finally, LSV Asset Management raised its stake in Lam Research Corporation by 22.9% in the first quarter. LSV Asset Management now owns 2,408,170 shares of the semiconductor company’s stock worth $309,112,000 after buying an additional 449,402 shares during the period. Institutional investors and hedge funds own 98.98% of the company’s stock.

Lam Research Corporation (LRCX) opened at 160.21 on Wednesday. The company has a market cap of $25.91 billion, a PE ratio of 17.34 and a beta of 1.46. Lam Research Corporation has a 12-month low of $89.50 and a 12-month high of $170.00. The company’s 50-day moving average price is $154.58 and its 200-day moving average price is $140.33.

Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.95%. The company’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. Equities analysts anticipate that Lam Research Corporation will post $12.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.80 annualized dividend and a yield of 1.12%. Lam Research Corporation’s dividend payout ratio (DPR) is 19.57%.

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A number of research analysts have commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of Lam Research Corporation in a research report on Friday, July 7th. Bank of America Corporation reiterated a “buy” rating and issued a $195.00 price objective (up from $165.00) on shares of Lam Research Corporation in a research report on Sunday, June 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $189.00 price objective (up from $170.00) on shares of Lam Research Corporation in a research report on Monday, June 19th. Needham & Company LLC increased their price objective on Lam Research Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, June 16th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $200.00 price objective on shares of Lam Research Corporation in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Lam Research Corporation currently has an average rating of “Buy” and a consensus price target of $175.18.

In other news, SVP Sarah A. O’dowd sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $150.92, for a total transaction of $1,509,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen G. Newberry sold 20,047 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $150.01, for a total transaction of $3,007,250.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,656 shares of company stock valued at $7,925,366. Company insiders own 0.46% of the company’s stock.

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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