Teacher Retirement System of Texas increased its position in Lam Research Corporation (NASDAQ:LRCX) by 140.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 202,106 shares of the semiconductor company’s stock after acquiring an additional 117,933 shares during the quarter. Teacher Retirement System of Texas owned about 0.12% of Lam Research Corporation worth $37,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Wetherby Asset Management Inc. grew its holdings in Lam Research Corporation by 0.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 1,789 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 12 shares in the last quarter. Fiduciary Trust Co. grew its holdings in Lam Research Corporation by 1.0% during the 2nd quarter. Fiduciary Trust Co. now owns 2,044 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 20 shares in the last quarter. Smithfield Trust Co. grew its holdings in Lam Research Corporation by 0.9% during the 2nd quarter. Smithfield Trust Co. now owns 2,382 shares of the semiconductor company’s stock valued at $337,000 after buying an additional 22 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in Lam Research Corporation by 1.0% during the 2nd quarter. Hanseatic Management Services Inc. now owns 2,242 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 22 shares in the last quarter. Finally, ETRADE Capital Management LLC grew its holdings in Lam Research Corporation by 0.5% during the 2nd quarter. ETRADE Capital Management LLC now owns 5,833 shares of the semiconductor company’s stock valued at $825,000 after buying an additional 28 shares in the last quarter. 93.05% of the stock is owned by institutional investors.

In other Lam Research Corporation news, COO Timothy Archer sold 15,638 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $175.65, for a total value of $2,746,814.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen G. Newberry sold 750 shares of the business’s stock in a transaction that occurred 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. Insiders sold 40,419 shares of company stock valued at $7,167,497 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

A number of research analysts have weighed in on the company. Argus lifted their target price on Lam Research Corporation from $196.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Berenberg Bank reaffirmed a “buy” rating and set a $240.00 target price on shares of Lam Research Corporation in a report on Thursday, October 19th. Needham & Company LLC lifted their target price on Lam Research Corporation from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Bank of America Corporation lifted their target price on Lam Research Corporation from $230.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and set a $230.00 target price on shares of Lam Research Corporation in a report on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $209.32.

Shares of Lam Research Corporation (NASDAQ:LRCX) traded down $1.04 during mid-day trading on Tuesday, reaching $208.19. The company’s stock had a trading volume of 343,895 shares, compared to its average volume of 2,085,258. The company has a quick ratio of 2.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.24. Lam Research Corporation has a 12-month low of $97.51 and a 12-month high of $211.41. The company has a market capitalization of $33,586.02, a P/E ratio of 17.86, a P/E/G ratio of 0.97 and a beta of 1.63.

Lam Research Corporation (NASDAQ:LRCX) last announced its quarterly earnings data on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The business’s revenue was up 51.8% on a year-over-year basis. equities analysts forecast that Lam Research Corporation will post 14.45 EPS for the current year.

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About Lam Research Corporation

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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