Lam Research Co. (NASDAQ:LRCX) Stock Holdings Lifted by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 909.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,514 shares of the semiconductor company’s stock after buying an additional 4,067 shares during the period. Nicolet Advisory Services LLC’s holdings in Lam Research were worth $3,684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Lam Research during the second quarter valued at approximately $32,000. RFP Financial Group LLC raised its position in shares of Lam Research by 52.2% during the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock worth $37,000 after buying an additional 12 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Lam Research in the 2nd quarter worth approximately $40,000. Country Trust Bank bought a new position in shares of Lam Research in the second quarter valued at approximately $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Lam Research during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of a number of research analyst reports. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Citigroup cut their price objective on Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a report on Monday, September 16th. Morgan Stanley lowered their target price on Lam Research from $81.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lam Research from $110.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.97.

Lam Research Trading Down 0.7 %

Shares of NASDAQ LRCX opened at $72.64 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a one year low of $68.72 and a one year high of $113.00. The business has a 50-day moving average price of $76.93 and a two-hundred day moving average price of $87.35. The firm has a market capitalization of $93.47 billion, a PE ratio of 23.48, a PEG ratio of 1.16 and a beta of 1.48.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $6.85 earnings per share. As a group, analysts predict that Lam Research Co. will post 3.52 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Insider Buying and Selling

In related news, CAO Christina Correia sold 647 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total value of $528,928.97. Following the transaction, the chief accounting officer now owns 4,267 shares in the company, valued at approximately $3,488,315.17. This represents a 13.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.29% of the stock is owned by corporate insiders.

Lam Research Company 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.