Unigestion Holding SA Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Unigestion Holding SA acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,288 shares of the semiconductor company’s stock, valued at approximately $760,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hexavest Inc. acquired a new position in shares of Lam Research in the 2nd quarter valued at about $28,000. MUFG Americas Holdings Corp increased its holdings in shares of Lam Research by 75.0% in the 2nd quarter. MUFG Americas Holdings Corp now owns 175 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. Next Capital Management LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at about $35,000. Marquette Asset Management LLC acquired a new position in shares of Lam Research in the 3rd quarter valued at about $35,000. Finally, HM Payson & Co. acquired a new position in shares of Lam Research in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 88.68% of the company’s stock.

In other Lam Research news, SVP Sarah A. O’dowd sold 22,140 shares of Lam Research stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $233.77, for a total transaction of $5,175,667.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Vahid Vahedi sold 12,007 shares of Lam Research stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $220.00, for a total transaction of $2,641,540.00. The disclosure for this sale can be found here. Insiders have sold 88,202 shares of company stock valued at $21,620,104 over the last quarter. Insiders own 0.43% of the company’s stock.

A number of brokerages have recently weighed in on LRCX. Cfra set a $210.00 target price on Lam Research and gave the company a “hold” rating in a report on Saturday, August 31st. Nomura upped their target price on Lam Research from $216.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. B. Riley upped their target price on Lam Research from $240.00 to $280.00 and gave the company a “buy” rating in a report on Monday, October 21st. Zacks Investment Research downgraded Lam Research from a “buy” rating to a “hold” rating and set a $273.00 target price on the stock. in a report on Monday, October 14th. Finally, Royal Bank of Canada upped their target price on Lam Research from $230.00 to $273.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Lam Research has a consensus rating of “Buy” and a consensus price target of $258.58.

NASDAQ:LRCX traded down $1.43 during mid-day trading on Friday, reaching $272.68. The stock had a trading volume of 1,373,000 shares, compared to its average volume of 2,042,073. The business’s 50 day moving average is $247.19 and its 200 day moving average is $210.36. Lam Research Co. has a fifty-two week low of $122.64 and a fifty-two week high of $282.88. The stock has a market cap of $40.32 billion, a P/E ratio of 18.74, a PEG ratio of 1.36 and a beta of 1.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.59 and a quick ratio of 2.99.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Lam Research had a return on equity of 43.11% and a net margin of 22.38%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company earned $3.36 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis. Equities analysts expect that Lam Research Co. will post 15.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.69%. This is a positive change from Lam Research’s previous quarterly dividend of $1.10. The ex-dividend date was Monday, September 30th. Lam Research’s dividend payout ratio (DPR) is presently 31.62%.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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

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