Natixis Advisors L.P. boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,439 shares of the semiconductor company’s stock after purchasing an additional 150 shares during the period. Natixis Advisors L.P.’s holdings in Lam Research were worth $3,839,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Rational Advisors LLC lifted its stake in Lam Research by 989.3% in the second quarter. Rational Advisors LLC now owns 305 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 277 shares during the last quarter. KBC Group NV raised its stake in shares of Lam Research by 9.8% during the second quarter. KBC Group NV now owns 70,637 shares of the semiconductor company’s stock valued at $13,268,000 after acquiring an additional 6,277 shares during the last quarter. Bank of Stockton raised its stake in shares of Lam Research by 14.2% during the second quarter. Bank of Stockton now owns 1,855 shares of the semiconductor company’s stock valued at $348,000 after acquiring an additional 230 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of Lam Research during the first quarter valued at about $28,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of Lam Research by 287.7% during the second quarter. Valeo Financial Advisors LLC now owns 663 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 492 shares during the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

In other Lam Research news, insider Kevin Jennings sold 1,122 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $210.07, for a total value of $235,698.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Vahid Vahedi sold 12,007 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $220.00, for a total transaction of $2,641,540.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,857 shares of company stock worth $9,679,188. Corporate insiders own 0.44% of the company’s stock.

LRCX traded up $1.95 during midday trading on Friday, reaching $236.82. The company’s stock had a trading volume of 336,613 shares, compared to its average volume of 1,530,589. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.42 and a beta of 1.62. The company has a current ratio of 3.61, a quick ratio of 2.96 and a debt-to-equity ratio of 0.81. Lam Research Co. has a 1 year low of $122.64 and a 1 year high of $236.34. The stock’s 50-day moving average is $208.59 and its 200-day moving average is $192.24.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $3.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.40 by $0.22. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Lam Research had a net margin of 22.70% and a return on equity of 43.72%. The business’s revenue was down 24.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.31 earnings per share. As a group, equities research analysts forecast that Lam Research Co. will post 13.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Monday, September 30th. This is a boost from Lam Research’s previous quarterly dividend of $1.10. Lam Research’s dividend payout ratio is 30.24%.

Several equities analysts have recently commented on the stock. Credit Suisse Group reaffirmed a “positive” rating on shares of Lam Research in a research note on Monday, July 8th. They noted that the move was a valuation call. DA Davidson downgraded shares of Lam Research from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $225.00 to $200.00 in a research note on Monday, July 8th. Wells Fargo & Co increased their price target on shares of Lam Research from $195.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. KeyCorp increased their price target on shares of Lam Research from $236.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, BidaskClub raised shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $221.88.

Lam Research Profile

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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