Stephens Inc. AR Cuts Stake in Lam Research Co. (NASDAQ:LRCX)

Stephens Inc. AR reduced its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 98.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 410 shares of the semiconductor company's stock after selling 23,340 shares during the period. Stephens Inc. AR's holdings in Lam Research were worth $334,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LRCX. Fortitude Family Office LLC increased its holdings in shares of Lam Research by 16.7% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 9 shares in the last quarter. Thomasville National Bank lifted its stake in Lam Research by 1.5% in the second quarter. Thomasville National Bank now owns 812 shares of the semiconductor company's stock worth $865,000 after acquiring an additional 12 shares during the period. Ignite Planners LLC grew its stake in Lam Research by 2.8% in the second quarter. Ignite Planners LLC now owns 445 shares of the semiconductor company's stock valued at $484,000 after purchasing an additional 12 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of Lam Research by 3.7% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 335 shares of the semiconductor company's stock valued at $357,000 after purchasing an additional 12 shares during the last quarter. Finally, RFP Financial Group LLC boosted its holdings in Lam Research by 52.2% during the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company's stock worth $37,000 after buying an additional 12 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent research reports. BNP Paribas raised Lam Research to a "hold" rating in a report on Thursday, October 24th. Morgan Stanley decreased 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. Mizuho reduced their price objective on Lam Research from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, September 20th. UBS Group reduced their price objective 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. Finally, StockNews.com downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $97.03.

Lam Research Price Performance

Shares of LRCX traded down $1.12 on Friday, reaching $78.09. The stock had a trading volume of 3,250,227 shares, compared to its average volume of 11,244,767. The firm has a market capitalization of $100.48 billion, a PE ratio of 25.48, a PEG ratio of 1.18 and a beta of 1.48. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a twelve month low of $64.85 and a twelve month high of $113.00. The firm has a 50-day moving average of $77.73 and a 200 day moving average of $88.66.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business's revenue was up 19.7% on a year-over-year basis. During the same period last year, the business earned $6.85 EPS. Sell-side analysts expect that Lam Research Co. will post 3.52 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. Lam Research's dividend payout ratio is 29.77%.

Insider Activity

In other Lam Research news, CAO Christina Correia sold 647 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the sale, the chief accounting officer now owns 4,267 shares of the company's stock, valued at $3,488,315.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by company 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.