Lbp Am Sa Has $557,000 Stake in Lam Research Corporation (NASDAQ:LRCX)

Lbp Am Sa cut its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 87.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,660 shares of the semiconductor company's stock after selling 52,636 shares during the quarter. Lbp Am Sa's holdings in Lam Research were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Citizens National Bank Trust Department lifted its stake in Lam Research by 34.0% during the 1st quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 153 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Lam Research by 2.3% in the first quarter. Transcend Capital Advisors LLC now owns 8,065 shares of the semiconductor company's stock valued at $586,000 after purchasing an additional 182 shares during the last quarter. Capital Advisors Inc. OK lifted its position in shares of Lam Research by 0.6% during the first quarter. Capital Advisors Inc. OK now owns 29,927 shares of the semiconductor company's stock valued at $2,176,000 after purchasing an additional 183 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in Lam Research by 33.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 800 shares of the semiconductor company's stock worth $58,000 after purchasing an additional 200 shares during the last quarter. Finally, YANKCOM Partnership grew its position in Lam Research by 10.0% in the 1st quarter. YANKCOM Partnership now owns 2,329 shares of the semiconductor company's stock worth $169,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LRCX shares. The Goldman Sachs Group assumed coverage on shares of Lam Research in a research report on Thursday. They set a "buy" rating and a $115.00 target price on the stock. Jefferies Financial Group lifted their price target on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Needham & Company LLC reduced their price objective on Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company raised their target price on Lam Research from $75.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Barclays cut their price target on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $97.48.

Lam Research Trading Up 1.3%

Shares of LRCX stock opened at $101.06 on Friday. The stock has a market capitalization of $129.27 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.41 and a beta of 1.68. The company's fifty day simple moving average is $87.96 and its two-hundred day simple moving average is $79.68. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $113.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the previous year, the company posted $7.79 EPS. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

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.

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