Lam Research Corporation $LRCX Shares Acquired by Accredited Investors Inc.

Accredited Investors Inc. lifted its position in Lam Research Corporation (NASDAQ:LRCX) by 236.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,340 shares of the semiconductor company’s stock after acquiring an additional 5,160 shares during the period. Accredited Investors Inc.’s holdings in Lam Research were worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Lam Research during the 2nd quarter worth $1,894,585,000. JPMorgan Chase & Co. raised its position in shares of Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after buying an additional 5,102,589 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Lam Research by 34.1% in the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after buying an additional 2,692,189 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in Lam Research by 35.4% during the second quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after acquiring an additional 2,575,456 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Lam Research by 103.5% during the second quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock worth $296,833,000 after acquiring an additional 1,550,842 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of LRCX opened at $228.39 on Thursday. The firm has a 50-day simple moving average of $175.34 and a two-hundred day simple moving average of $139.90. The stock has a market cap of $286.86 billion, a PE ratio of 50.31, a P/E/G ratio of 2.55 and a beta of 1.77. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $232.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company posted $0.86 EPS. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Activity

In related news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 50,418 shares of company stock valued at $7,667,305. 0.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on LRCX. Wells Fargo & Company set a $250.00 price objective on shares of Lam Research and gave the company an “overweight” rating in a report on Thursday, January 15th. Bank of America boosted their target price on Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price target on Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Barclays set a $195.00 price objective on Lam Research in a research report on Thursday, January 15th. Finally, TD Cowen restated a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.33.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.