Lam Research Co. (NASDAQ:LRCX) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 32.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,071 shares of the semiconductor company's stock after purchasing an additional 45,828 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Lam Research were worth $154,297,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LRCX. Creative Planning increased its stake in Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company's stock valued at $38,664,000 after buying an additional 1,146 shares during the period. Jennison Associates LLC boosted its holdings in shares of Lam Research by 20.0% in the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company's stock valued at $194,451,000 after acquiring an additional 39,725 shares in the last quarter. Vest Financial LLC increased its stake in shares of Lam Research by 68.7% during the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company's stock worth $29,372,000 after acquiring an additional 14,658 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Lam Research by 9.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 340,855 shares of the semiconductor company's stock worth $278,165,000 after acquiring an additional 28,089 shares during the period. Finally, Benson Investment Management Company Inc. purchased a new position in Lam Research during the third quarter worth about $5,182,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In related news, CAO Christina Correia sold 647 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 trade 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 the SEC website. 0.29% of the stock is owned by insiders.

Lam Research Trading Down 0.2 %

Shares of LRCX stock opened at $70.05 on Thursday. Lam Research Co. has a twelve month low of $68.72 and a twelve month high of $113.00. The company has a market capitalization of $90.13 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.12 and a beta of 1.48. The firm has a 50-day moving average price of $77.04 and a 200 day moving average price of $87.56. 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 (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the business posted $6.85 earnings per share. The company's revenue was up 19.7% on a year-over-year basis. Research analysts forecast that Lam Research Co. will post 3.52 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LRCX. StockNews.com downgraded Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Wells Fargo & Company reduced their target price on Lam Research from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Morgan Stanley lowered their price target on shares of Lam Research from $81.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lam Research from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.03.

About Lam Research

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.

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