Vident Investment Advisory LLC Acquires 1,583 Shares of Lam Research Co. (LRCX)

Vident Investment Advisory LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,781 shares of the semiconductor company’s stock after buying an additional 1,583 shares during the quarter. Vident Investment Advisory LLC’s holdings in Lam Research were worth $3,246,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Cetera Advisors LLC raised its stake in shares of Lam Research by 13.7% in the 1st quarter. Cetera Advisors LLC now owns 2,095 shares of the semiconductor company’s stock valued at $425,000 after buying an additional 252 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of Lam Research by 21.0% in the 2nd quarter. Independent Advisor Alliance now owns 1,574 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 273 shares in the last quarter. BerganKDV Wealth Management LLC raised its stake in shares of Lam Research by 7.0% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 4,458 shares of the semiconductor company’s stock valued at $770,000 after buying an additional 292 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Lam Research by 1.2% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 25,437 shares of the semiconductor company’s stock valued at $5,168,000 after buying an additional 300 shares in the last quarter. Finally, HGK Asset Management Inc. raised its stake in shares of Lam Research by 8.9% in the 2nd quarter. HGK Asset Management Inc. now owns 3,686 shares of the semiconductor company’s stock valued at $637,000 after buying an additional 300 shares in the last quarter. Institutional investors own 89.19% of the company’s stock.

Shares of Lam Research stock opened at $153.46 on Friday. The stock has a market cap of $23.70 billion, a P/E ratio of 8.40, a PEG ratio of 0.58 and a beta of 1.33. The company has a quick ratio of 2.31, a current ratio of 2.90 and a debt-to-equity ratio of 0.27. Lam Research Co. has a 12-month low of $149.02 and a 12-month high of $234.88.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Thursday, July 26th. The semiconductor company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.37. Lam Research had a net margin of 21.49% and a return on equity of 47.14%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the company posted $3.11 EPS. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. equities research analysts forecast that Lam Research Co. will post 15.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, September 11th. Lam Research’s dividend payout ratio is currently 24.62%.

A number of equities analysts have recently issued reports on LRCX shares. DA Davidson restated a “buy” rating on shares of Lam Research in a research note on Monday, July 23rd. UBS Group upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Tuesday, June 26th. Citigroup dropped their price objective on shares of Lam Research from $245.00 to $239.00 and set a “buy” rating for the company in a research note on Friday, July 13th. Bank of America dropped their price objective on shares of Lam Research from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, June 11th. Finally, Stifel Nicolaus dropped their price objective on shares of Lam Research from $295.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Lam Research has a consensus rating of “Buy” and an average target price of $247.01.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

See Also: How to Profit and Limit Losses With Stop Orders

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX).

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

Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply