Unigestion Holding SA Acquires 11,819 Shares of Lam Research Co. (NASDAQ:LRCX)

Unigestion Holding SA lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,137.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,858 shares of the semiconductor company's stock after acquiring an additional 11,819 shares during the period. Unigestion Holding SA's holdings in Lam Research were worth $10,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $32,000. RFP Financial Group LLC grew its stake in shares of Lam Research by 52.2% during the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 12 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Lam Research in the second quarter valued at $40,000. MFA Wealth Advisors LLC acquired a new position in shares of Lam Research during the 2nd quarter worth about $45,000. Finally, ORG Partners LLC bought a new position in shares of Lam Research in the 2nd quarter valued at about $65,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In other 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 transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now directly owns 4,267 shares of the company's stock, valued at $3,488,315.17. This trade represents a 13.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LRCX has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a "buy" rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Wells Fargo & Company decreased their price objective on shares of Lam Research from $85.00 to $83.00 and set an "equal weight" rating for the company in a research report on Friday, December 6th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Mizuho dropped 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. Finally, Sanford C. Bernstein reduced their target price on Lam Research from $95.00 to $85.00 and set a "market perform" rating for the company in a research note on Friday, November 29th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $97.24.

Lam Research Trading Up 4.4 %

Shares of NASDAQ LRCX traded up $3.32 during midday trading on Wednesday, reaching $78.23. The stock had a trading volume of 14,111,029 shares, compared to its average volume of 11,256,126. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The company's 50 day moving average price is $76.02 and its 200 day moving average price is $85.77. The firm has a market cap of $100.66 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business's revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $6.85 EPS. As a group, sell-side analysts expect that Lam Research Co. will post 3.5 EPS for the current 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 issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research's dividend payout ratio is currently 29.77%.

Lam Research Company 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.