1,740 Shares in Lam Research Corporation (LRCX) Acquired by Sciencast Management LP

Sciencast Management LP purchased a new position in Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,740 shares of the semiconductor company’s stock, valued at approximately $246,000.

Several other large investors have also bought and sold shares of the business. Carret Asset Management LLC grew its stake in shares of Lam Research Corporation by 8.6% during the second quarter. Carret Asset Management LLC now owns 7,759 shares of the semiconductor company’s stock worth $1,097,000 after purchasing an additional 615 shares in the last quarter. Sensato Investors LLC grew its stake in shares of Lam Research Corporation by 537.7% during the second quarter. Sensato Investors LLC now owns 144,761 shares of the semiconductor company’s stock worth $20,474,000 after purchasing an additional 122,061 shares in the last quarter. Gotham Asset Management LLC grew its stake in shares of Lam Research Corporation by 3.9% during the second quarter. Gotham Asset Management LLC now owns 222,663 shares of the semiconductor company’s stock worth $31,491,000 after purchasing an additional 8,339 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Lam Research Corporation by 23,238.8% during the second quarter. Janus Henderson Group PLC now owns 4,742,669 shares of the semiconductor company’s stock worth $670,756,000 after purchasing an additional 4,722,348 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its stake in shares of Lam Research Corporation by 68.0% during the second quarter. Whale Rock Capital Management LLC now owns 401,339 shares of the semiconductor company’s stock worth $56,761,000 after purchasing an additional 162,403 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

In other news, Director Stephen G. Newberry sold 750 shares of Lam Research Corporation stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $185.00, for a total value of $138,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy Archer sold 6,897 shares of Lam Research Corporation stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total transaction of $1,106,968.50. The disclosure for this sale can be found here. Insiders sold a total of 48,066 shares of company stock valued at $8,350,148 over the last ninety days. Company insiders own 0.41% of the company’s stock.

Shares of Lam Research Corporation (LRCX) opened at 184.91 on Wednesday. Lam Research Corporation has a one year low of $93.69 and a one year high of $187.57. The stock has a 50 day moving average of $172.59 and a 200-day moving average of $155.02. The stock has a market capitalization of $30.04 billion, a PE ratio of 20.01 and a beta of 1.53.

Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $0.09. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the business posted $1.80 EPS. The company’s quarterly revenue was up 51.6% on a year-over-year basis. Equities analysts predict that Lam Research Corporation will post $12.80 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is presently 19.57%.

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A number of brokerages recently commented on LRCX. Zacks Investment Research downgraded shares of Lam Research Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. KeyCorp reiterated an “outperform” rating and set a $202.00 target price on shares of Lam Research Corporation in a research note on Saturday, September 16th. Argus began coverage on shares of Lam Research Corporation in a research note on Tuesday, September 12th. They set a “buy” rating and a $196.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Lam Research Corporation in a research note on Friday, September 1st. Finally, ValuEngine downgraded shares of Lam Research Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $179.61.

About Lam Research Corporation

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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

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