Prudential PLC Has $2.72 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Prudential PLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCXGet Rating) by 2.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,389 shares of the semiconductor company’s stock after buying an additional 133 shares during the period. Prudential PLC’s holdings in Lam Research were worth $2,723,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. KRS Capital Management LLC increased its holdings in shares of Lam Research by 1.4% during the 2nd quarter. KRS Capital Management LLC now owns 1,497 shares of the semiconductor company’s stock valued at $638,000 after acquiring an additional 20 shares during the last quarter. Beaumont Financial Partners LLC raised its position in shares of Lam Research by 0.8% in the second quarter. Beaumont Financial Partners LLC now owns 2,595 shares of the semiconductor company’s stock valued at $1,106,000 after purchasing an additional 20 shares during the period. Intercontinental Wealth Advisors LLC lifted its stake in shares of Lam Research by 3.2% in the first quarter. Intercontinental Wealth Advisors LLC now owns 711 shares of the semiconductor company’s stock worth $382,000 after buying an additional 22 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Lam Research by 3.3% during the 1st quarter. Financial Advocates Investment Management now owns 696 shares of the semiconductor company’s stock worth $374,000 after buying an additional 22 shares during the period. Finally, Hudock Inc. boosted its holdings in shares of Lam Research by 10.6% during the 2nd quarter. Hudock Inc. now owns 230 shares of the semiconductor company’s stock worth $98,000 after buying an additional 22 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on LRCX. Wells Fargo & Company decreased their price objective on shares of Lam Research from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Thursday, October 20th. Jefferies Financial Group decreased their price objective on shares of Lam Research from $535.00 to $525.00 and set a “buy” rating for the company in a report on Thursday, October 20th. DA Davidson decreased their price objective on shares of Lam Research from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Thursday, October 20th. Mizuho decreased their price objective on shares of Lam Research from $650.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, October 18th. Finally, Cowen decreased their price objective on shares of Lam Research to $430.00 in a report on Thursday, October 20th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $484.86.

Lam Research Price Performance

NASDAQ:LRCX opened at $461.40 on Thursday. The company has a 50-day moving average of $398.23 and a 200-day moving average of $440.43. The company has a market capitalization of $62.93 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.86 and a beta of 1.37. Lam Research Co. has a 52 week low of $299.59 and a 52 week high of $731.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.83 and a current ratio of 2.69.

Lam Research (NASDAQ:LRCXGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The semiconductor company reported $10.42 EPS for the quarter, topping analysts’ consensus estimates of $9.54 by $0.88. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.91 billion. Lam Research had a net margin of 26.96% and a return on equity of 74.74%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $8.36 EPS. As a group, equities research analysts anticipate that Lam Research Co. will post 34.63 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be given a dividend of $1.725 per share. This represents a $6.90 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Tuesday, December 13th. Lam Research’s dividend payout ratio (DPR) is currently 19.79%.

Lam Research Company Profile

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Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers 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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