UBS Asset Management Americas Inc. cut its position in shares of Lam Research Corp. (NASDAQ:LRCX) by 4.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 942,330 shares of the company’s stock after selling 38,856 shares during the period. UBS Asset Management Americas Inc. owned about 0.58% of Lam Research Corp. worth $89,248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its position in shares of Lam Research Corp. by 149.5% in the second quarter. FMR LLC now owns 10,317,149 shares of the company’s stock worth $867,259,000 after buying an additional 6,182,540 shares in the last quarter. BlackRock Investment Management LLC increased its position in shares of Lam Research Corp. by 209.6% in the second quarter. BlackRock Investment Management LLC now owns 1,093,309 shares of the company’s stock worth $91,904,000 after buying an additional 740,148 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Lam Research Corp. by 71.3% in the second quarter. BlackRock Advisors LLC now owns 1,671,546 shares of the company’s stock worth $140,511,000 after buying an additional 695,595 shares in the last quarter. Criterion Capital Management LLC increased its position in shares of Lam Research Corp. by 187.6% in the second quarter. Criterion Capital Management LLC now owns 1,059,055 shares of the company’s stock worth $89,024,000 after buying an additional 690,855 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Lam Research Corp. by 40.8% in the second quarter. Janus Capital Management LLC now owns 2,103,641 shares of the company’s stock worth $176,832,000 after buying an additional 609,780 shares in the last quarter.

Institutional Ownership by Quarter for Lam Research Corp. (NASDAQ:LRCX)

Shares of Lam Research Corp. (NASDAQ:LRCX) opened at 106.77 on Tuesday. The firm has a market capitalization of $17.39 billion, a PE ratio of 21.19 and a beta of 1.49. Lam Research Corp. has a 52 week low of $63.10 and a 52 week high of $108.04. The company has a 50-day moving average of $99.65 and a 200-day moving average of $90.97.

Lam Research Corp. (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 19th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.03. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Lam Research Corp. had a return on equity of 18.43% and a net margin of 15.02%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share. On average, equities analysts forecast that Lam Research Corp. will post $8.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.68%. This is a boost from Lam Research Corp.’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, December 12th. Lam Research Corp.’s dividend payout ratio (DPR) is presently 23.86%.

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Several analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and set a $106.00 price objective on shares of Lam Research Corp. in a research report on Tuesday, August 2nd. DA Davidson restated a “buy” rating and set a $110.00 price objective on shares of Lam Research Corp. in a research report on Monday, August 15th. Morgan Stanley restated an “overweight” rating and set a $105.00 price objective on shares of Lam Research Corp. in a research report on Saturday, October 8th. Stifel Nicolaus boosted their price objective on shares of Lam Research Corp. from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 20th. Finally, Bank of America Corp. restated a “buy” rating and set a $115.00 price objective on shares of Lam Research Corp. in a research report on Monday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Lam Research Corp. has a consensus rating of “Buy” and a consensus price target of $106.35.

In related news, CFO Douglas R. Bettinger sold 9,956 shares of Lam Research Corp. stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $106.88, for a total transaction of $1,064,097.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard A. Gottscho sold 47,540 shares of Lam Research Corp. stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $98.85, for a total transaction of $4,699,329.00. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

About Lam Research Corp.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

5 Day Chart for NASDAQ:LRCX

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