B. Metzler seel. Sohn & Co. Holding AG Invests $11.42 Million in Lam Research Co. (NASDAQ:LRCX)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,998 shares of the semiconductor company's stock, valued at approximately $11,423,000.

A number of other institutional investors also recently modified their holdings of the business. CarsonAllaria Wealth Management Ltd. acquired a new position in Lam Research in the second quarter valued at about $32,000. RFP Financial Group LLC raised its stake in Lam Research by 52.2% in the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 12 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in Lam Research in the second quarter valued at about $40,000. Country Trust Bank acquired a new position in Lam Research in the second quarter valued at about $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in Lam Research in the second quarter valued at about $45,000. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. TD Cowen boosted their target price on Lam Research from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. UBS Group decreased their price target on shares of Lam Research from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lam Research from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Mizuho decreased their price objective on Lam Research from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, September 20th. Finally, Citigroup reduced their price target on Lam Research from $99.00 to $89.30 and set a "buy" rating on the stock in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.03.

Lam Research Stock Down 0.6 %

Shares of NASDAQ LRCX traded down $0.40 during midday trading on Tuesday, hitting $70.17. 7,439,386 shares of the stock traded hands, compared to its average volume of 11,247,829. The company has a market cap of $90.29 billion, a PE ratio of 22.63, a P/E/G ratio of 1.11 and a beta of 1.48. 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 $77.17 and a two-hundred day moving average price of $87.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company posted $6.85 earnings per share. The company's quarterly revenue was up 19.7% on a year-over-year basis. On average, equities analysts predict that Lam Research Co. will post 3.52 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.31%. Lam Research's dividend payout ratio (DPR) is currently 29.74%.

Insider Buying and Selling

In other Lam Research news, CAO Christina Correia sold 647 shares of the company's stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 4,267 shares in the company, valued at $3,488,315.17. This represents a 13.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.