Lam Research (LRCX) Position Boosted by Aperio Group LLC

Aperio Group LLC increased its holdings in Lam Research (NASDAQ:LRCX) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,686 shares of the semiconductor company’s stock after buying an additional 2,895 shares during the quarter. Aperio Group LLC owned about 0.06% of Lam Research worth $19,236,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LRCX. First National Trust Co bought a new position in Lam Research in the 4th quarter worth approximately $201,000. Coastline Trust Co bought a new position in Lam Research in the 4th quarter worth approximately $265,000. Schwab Charles Investment Management Inc. boosted its stake in Lam Research by 3.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 610,178 shares of the semiconductor company’s stock valued at $112,316,000 after purchasing an additional 20,480 shares in the last quarter. BKD Wealth Advisors LLC boosted its stake in Lam Research by 13.5% during the 4th quarter. BKD Wealth Advisors LLC now owns 2,803 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 333 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Lam Research by 168.6% during the 4th quarter. State of Alaska Department of Revenue now owns 19,004 shares of the semiconductor company’s stock valued at $3,497,000 after purchasing an additional 11,930 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

LRCX has been the subject of a number of research reports. JPMorgan Chase increased their price target on Lam Research from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Stifel Nicolaus increased their price target on Lam Research from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank reaffirmed a “buy” rating and set a $240.00 price target on shares of Lam Research in a research note on Thursday, January 25th. Vetr raised Lam Research from a “hold” rating to a “strong-buy” rating and set a $237.41 price target for the company in a research note on Thursday, January 25th. Finally, Nomura reaffirmed a “buy” rating and set a $230.00 price target on shares of Lam Research in a research note on Monday, January 22nd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $257.06.

In other news, SVP Sarah A. O’dowd sold 1,835 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $212.64, for a total value of $390,194.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy Archer sold 5,000 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $190.00, for a total value of $950,000.00. The disclosure for this sale can be found here. Insiders sold 79,148 shares of company stock valued at $16,952,340 in the last 90 days. Corporate insiders own 0.41% of the company’s stock.

LRCX opened at $203.33 on Friday. The firm has a market cap of $33.17 billion, a PE ratio of 20.37, a P/E/G ratio of 0.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.64 and a quick ratio of 2.21. Lam Research has a fifty-two week low of $202.00 and a fifty-two week high of $208.20.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Tuesday, April 17th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.41. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.85 billion. Lam Research had a return on equity of 41.13% and a net margin of 18.32%. The company’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the company posted $3.10 EPS. equities research analysts forecast that Lam Research will post 17.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 6th will be paid a dividend of $1.10 per share. This is a positive change from Lam Research’s previous quarterly dividend of $0.50. This represents a $4.40 annualized dividend and a dividend yield of 2.16%. Lam Research’s dividend payout ratio (DPR) is currently 20.04%.

Lam Research announced that its board has initiated a share buyback plan on Tuesday, March 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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 thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer-based patterning and liner applications in various advanced memory and logic structures.

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

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