Kintegral Advisory LLC Sells 15,267 Shares of Lam Research Corporation (NASDAQ:LRCX)

Kintegral Advisory LLC trimmed its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 32.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,122 shares of the semiconductor company's stock after selling 15,267 shares during the period. Kintegral Advisory LLC's holdings in Lam Research were worth $2,270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LRCX. Catalyst Capital Advisors LLC increased its position in Lam Research by 46.1% in the first quarter. Catalyst Capital Advisors LLC now owns 3,094 shares of the semiconductor company's stock worth $225,000 after buying an additional 976 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Lam Research during the 1st quarter valued at approximately $1,064,000. GF Fund Management CO. LTD. grew its stake in shares of Lam Research by 1.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 248,293 shares of the semiconductor company's stock valued at $18,051,000 after acquiring an additional 4,437 shares during the period. OneDigital Investment Advisors LLC increased its holdings in Lam Research by 29.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 13,777 shares of the semiconductor company's stock worth $1,002,000 after acquiring an additional 3,153 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in Lam Research by 5.9% during the 1st quarter. Avantax Planning Partners Inc. now owns 10,412 shares of the semiconductor company's stock worth $757,000 after acquiring an additional 581 shares during the period. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus cut their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group raised their price target on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Bank of America dropped their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 target price on Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $94.20.

Lam Research Price Performance

Lam Research stock opened at $98.66 on Friday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $113.00. The company has a quick ratio of 1.64, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average is $85.15 and its 200 day moving average is $78.80. The company has a market cap of $126.20 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.39 and a beta of 1.68.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a net margin of 27.18% and a return on equity of 53.21%. The firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. During the same period in the prior year, the company earned $7.79 EPS. The business's revenue was up 24.4% compared to the same quarter last year. Sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

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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