Lam Research Co. (NASDAQ:LRCX) Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCXGet Rating) by 6.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,956 shares of the semiconductor company’s stock after buying an additional 224 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lam Research were worth $2,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake in Lam Research by 53.5% in the 1st quarter. Moors & Cabot Inc. now owns 4,439 shares of the semiconductor company’s stock worth $2,387,000 after purchasing an additional 1,548 shares during the period. Cetera Investment Advisers boosted its stake in shares of Lam Research by 12.6% during the 1st quarter. Cetera Investment Advisers now owns 11,651 shares of the semiconductor company’s stock valued at $6,264,000 after buying an additional 1,307 shares during the period. Bank of Hawaii acquired a new stake in shares of Lam Research during the 1st quarter valued at $204,000. Prudential PLC boosted its stake in shares of Lam Research by 9.3% during the 1st quarter. Prudential PLC now owns 6,256 shares of the semiconductor company’s stock valued at $3,363,000 after buying an additional 530 shares during the period. Finally, Liontrust Investment Partners LLP boosted its stake in shares of Lam Research by 27.3% during the 1st quarter. Liontrust Investment Partners LLP now owns 21,000 shares of the semiconductor company’s stock valued at $11,290,000 after buying an additional 4,500 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $439.16 on Friday. The company has a market capitalization of $60.16 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. Lam Research Co. has a one year low of $375.87 and a one year high of $731.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.69 and a quick ratio of 1.82. The company’s fifty day moving average price is $458.17 and its 200 day moving average price is $481.20.

Lam Research (NASDAQ:LRCXGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $8.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.30 by $1.53. Lam Research had a net margin of 26.73% and a return on equity of 75.71%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm posted $8.09 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts expect that Lam Research Co. will post 37.6 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th will be issued a dividend of $1.725 per share. This is an increase from Lam Research’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $6.90 annualized dividend and a dividend yield of 1.57%. Lam Research’s payout ratio is presently 18.32%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research reports. B. Riley lowered shares of Lam Research from a “buy” rating to a “neutral” rating and decreased their target price for the company from $625.00 to $525.00 in a research note on Wednesday, June 15th. Barclays lowered shares of Lam Research from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $625.00 to $450.00 in a research note on Wednesday, August 3rd. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. Cowen cut their price target on shares of Lam Research from $800.00 to $620.00 in a report on Thursday, July 28th. Finally, Citigroup cut their price target on shares of Lam Research from $720.00 to $700.00 in a report on Thursday, July 28th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $610.30.

Lam Research Company Profile

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Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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

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