UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $170.87 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 81.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,374 shares of the semiconductor company's stock after selling 901,162 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Lam Research were worth $170,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. acquired a new position in Lam Research during the 2nd quarter valued at about $32,000. RFP Financial Group LLC increased its stake in shares of Lam Research by 52.2% in the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 12 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at about $40,000. Country Trust Bank bought a new stake in shares of Lam Research in the 2nd quarter valued at about $43,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Insiders Place Their Bets

In related news, CAO Christina Correia sold 647 shares of the firm'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Lam Research Stock Performance

LRCX stock traded up $2.31 during trading hours on Friday, hitting $73.88. 10,736,454 shares of the stock were exchanged, compared to its average volume of 9,962,676. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $95.06 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.17 and a beta of 1.48. The company has a 50-day simple moving average of $76.52 and a two-hundred day simple moving average of $86.67. Lam Research Co. has a 12 month low of $68.72 and a 12 month high of $113.00.

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, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $6.85 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research's payout ratio is 29.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LRCX shares. UBS Group lowered their price target on Lam Research from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. B. Riley lowered their target price on Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Finally, BNP Paribas raised Lam Research to a "hold" rating in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.29.

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.