Nikulski Financial Inc. Acquires 404 Shares of Lam Research Co. (NASDAQ:LRCX)

Nikulski Financial Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,148 shares of the semiconductor company’s stock after acquiring an additional 404 shares during the quarter. Lam Research makes up 1.3% of Nikulski Financial Inc.’s holdings, making the stock its 22nd largest holding. Nikulski Financial Inc.’s holdings in Lam Research were worth $4,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LRCX. Creative Planning lifted its stake in shares of Lam Research by 2.5% during the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after purchasing an additional 1,146 shares during the last quarter. Vest Financial LLC raised its stake in Lam Research by 68.7% in the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock valued at $29,372,000 after buying an additional 14,658 shares during the last quarter. Symmetry Investments LP purchased a new stake in Lam Research in the second quarter valued at about $3,229,000. Benson Investment Management Company Inc. purchased a new stake in Lam Research in the third quarter valued at about $5,182,000. Finally, Vontobel Holding Ltd. raised its stake in Lam Research by 38.4% in the third quarter. Vontobel Holding Ltd. now owns 120,736 shares of the semiconductor company’s stock valued at $98,530,000 after buying an additional 33,489 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Activity

In other news, CAO Christina Correia sold 647 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the transaction, the chief accounting officer now directly owns 4,267 shares in the company, valued at $3,488,315.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on LRCX shares. Wells Fargo & Company decreased their price target on Lam Research from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. UBS Group decreased their price target on Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Citigroup cut their price objective on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a report on Monday, September 16th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $97.03.

Lam Research Price Performance

Shares of LRCX stock traded down $1.00 during trading hours on Thursday, hitting $75.45. 679,850 shares of the company’s stock were exchanged, compared to its average volume of 11,240,975. The firm has a 50 day moving average of $78.59 and a two-hundred day moving average of $89.23. Lam Research Co. has a fifty-two week low of $57.44 and a fifty-two week high of $113.00. The firm has a market cap of $9.86 billion, a P/E ratio of 2.81, a P/E/G ratio of 1.89 and a beta of 1.47. The company has a quick ratio of 2.00, a current ratio of 2.97 and a debt-to-equity ratio of 0.52.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the firm earned $6.85 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. Sell-side analysts forecast that Lam Research Co. will post 3.23 EPS for the current year.

Lam Research Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were given a $0.23 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.92 dividend on an annualized basis and a yield of 1.22%. Lam Research’s payout ratio is currently 3.38%.

Lam Research Profile

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.