Dimensional Fund Advisors LP Sells 21,376 Shares of Lam Research Co. (NASDAQ:LRCX)

Dimensional Fund Advisors LP trimmed its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 665,463 shares of the semiconductor company's stock after selling 21,376 shares during the quarter. Dimensional Fund Advisors LP owned 0.51% of Lam Research worth $521,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its position in Lam Research by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company's stock worth $2,328,358,000 after purchasing an additional 85,855 shares in the last quarter. Morgan Stanley increased its holdings in Lam Research by 3.2% in the 3rd quarter. Morgan Stanley now owns 1,857,918 shares of the semiconductor company's stock worth $1,164,490,000 after purchasing an additional 56,824 shares in the last quarter. Northern Trust Corp raised its position in Lam Research by 9.7% in the third quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company's stock valued at $954,705,000 after purchasing an additional 134,558 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lam Research by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 777,722 shares of the semiconductor company's stock valued at $609,159,000 after purchasing an additional 14,902 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Lam Research by 12.3% during the fourth quarter. Van ECK Associates Corp now owns 776,885 shares of the semiconductor company's stock worth $608,503,000 after purchasing an additional 85,102 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 0.9 %

Lam Research stock traded up $7.88 during trading hours on Friday, reaching $915.42. 510,042 shares of the company's stock were exchanged, compared to its average volume of 1,117,630. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The firm's 50 day simple moving average is $938.59 and its 200 day simple moving average is $829.69. Lam Research Co. has a twelve month low of $520.66 and a twelve month high of $1,007.39. The firm has a market capitalization of $119.68 billion, a PE ratio of 33.67, a PEG ratio of 2.84 and a beta of 1.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping analysts' consensus estimates of $7.26 by $0.53. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $6.99 EPS. The business's revenue was down 2.0% compared to the same quarter last year. Research analysts predict that Lam Research Co. will post 29.62 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of Lam Research from $975.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Evercore ISI assumed coverage on shares of Lam Research in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $1,200.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Lam Research in a report on Thursday, April 11th. They issued a "hold" rating and a $1,000.00 price objective for the company. UBS Group raised their target price on Lam Research from $1,130.00 to $1,150.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on Lam Research from $900.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Seven 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, Lam Research has an average rating of "Moderate Buy" and a consensus price target of $950.85.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the transaction, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the sale, the senior vice president now directly owns 22,095 shares of the company's stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $6,978,065 in the last three months. Company insiders own 0.32% of the company's stock.

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.