PFG Advisors Sells 25 Shares of Lam Research Co. (NASDAQ:LRCX)


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PFG Advisors decreased its holdings in Lam Research Co. (NASDAQ:LRCX) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,493 shares of the semiconductor company’s stock after selling 25 shares during the period. PFG Advisors’ holdings in Lam Research were worth $1,177,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LRCX. Morgan Stanley raised its stake in Lam Research by 121.2% in the third quarter. Morgan Stanley now owns 694,291 shares of the semiconductor company’s stock valued at $230,331,000 after buying an additional 380,473 shares during the period. Pendal Group Limited increased its stake in shares of Lam Research by 1,986.0% during the fourth quarter. Pendal Group Limited now owns 242,746 shares of the semiconductor company’s stock worth $114,641,000 after purchasing an additional 231,109 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Lam Research by 25.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,130,606 shares of the semiconductor company’s stock worth $375,078,000 after purchasing an additional 229,409 shares during the period. Alkeon Capital Management LLC increased its stake in shares of Lam Research by 34.3% during the third quarter. Alkeon Capital Management LLC now owns 860,481 shares of the semiconductor company’s stock worth $285,464,000 after purchasing an additional 220,000 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Lam Research by 61.3% during the third quarter. Van ECK Associates Corp now owns 548,145 shares of the semiconductor company’s stock worth $181,848,000 after purchasing an additional 208,357 shares during the period. Hedge funds and other institutional investors own 84.03% of the company’s stock.

A number of equities analysts have recently weighed in on LRCX shares. The Goldman Sachs Group reiterated a “buy” rating and set a $616.00 target price (up previously from $557.00) on shares of Lam Research in a research note on Monday, January 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Lam Research from $500.00 to $575.00 and gave the stock a “hold” rating in a research note on Monday. B. Riley raised their price objective on Lam Research from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday. Credit Suisse Group raised their price objective on Lam Research from $450.00 to $650.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Morgan Stanley raised their price objective on Lam Research from $420.00 to $553.00 and gave the stock an “overweight” rating in a research note on Monday, December 14th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Lam Research presently has a consensus rating of “Buy” and an average target price of $450.58.

Shares of LRCX opened at $552.66 on Wednesday. The company has a market capitalization of $79.59 billion, a PE ratio of 31.35, a PEG ratio of 1.42 and a beta of 1.33. Lam Research Co. has a 12 month low of $181.38 and a 12 month high of $585.42. The stock’s 50-day moving average price is $507.09 and its two-hundred day moving average price is $403.70. The company has a current ratio of 3.31, a quick ratio of 2.68 and a debt-to-equity ratio of 0.92.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 9th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, December 8th. Lam Research’s payout ratio is presently 32.60%.

In related news, Director Leslie F. Varon sold 225 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $406.45, for a total value of $91,451.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy Archer sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $400.00, for a total value of $6,000,000.00. Insiders have sold a total of 49,202 shares of company stock worth $21,774,505 over the last ninety days. Company insiders own 0.34% of the company’s stock.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Europe, Japan, Korea, Taiwan, and the southeast Asia. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for 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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