Dupont Capital Management Corp Cuts Stake in Lam Research Corporation (LRCX)

Dupont Capital Management Corp lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,850 shares of the semiconductor company’s stock after selling 8,264 shares during the period. Dupont Capital Management Corp owned about 0.06% of Lam Research Corporation worth $16,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LRCX. Odey Holdings AG increased its stake in shares of Lam Research Corporation by 9.9% during the second quarter. Odey Holdings AG now owns 810 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 73 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in Lam Research Corporation during the 2nd quarter valued at about $118,000. Bollard Group LLC purchased a new stake in Lam Research Corporation during the 3rd quarter valued at about $130,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Lam Research Corporation during the 2nd quarter valued at about $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Lam Research Corporation by 358.3% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,100 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 860 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

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In other Lam Research Corporation news, Director Stephen G. Newberry sold 750 shares of Lam Research Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $170.00, for a total transaction of $127,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Timothy Archer sold 15,638 shares of Lam Research Corporation stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $175.65, for a total transaction of $2,746,814.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,419 shares of company stock worth $7,167,497. 0.41% of the stock is currently owned by corporate insiders.

LRCX has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Lam Research Corporation in a research note on Friday, July 7th. BidaskClub raised shares of Lam Research Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. DA Davidson reaffirmed a “buy” rating and set a $175.00 price objective on shares of Lam Research Corporation in a research note on Wednesday, July 26th. B. Riley reaffirmed a “buy” rating and set a $220.00 price objective on shares of Lam Research Corporation in a research note on Thursday, July 27th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $185.00 price objective (up previously from $150.00) on shares of Lam Research Corporation in a research note on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Lam Research Corporation currently has a consensus rating of “Buy” and a consensus price target of $209.32.

Lam Research Corporation (NASDAQ:LRCX) last released its earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.19. Lam Research Corporation had a net margin of 22.85% and a return on equity of 30.19%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. Lam Research Corporation’s revenue was up 51.8% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were issued a $0.45 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $1.80 dividend on an annualized basis and a yield of 0.87%. Lam Research Corporation’s payout ratio is 16.45%.

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.

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

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