Bp Plc maintained its position in shares of Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,000 shares of the semiconductor company’s stock at the end of the second quarter. Bp Plc’s holdings in Lam Research Corporation were worth $2,828,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LRCX. Vanguard Group Inc. increased its position in shares of Lam Research Corporation by 3.1% in the first quarter. Vanguard Group Inc. now owns 15,750,128 shares of the semiconductor company’s stock worth $2,021,687,000 after buying an additional 471,405 shares in the last quarter. State Street Corp increased its position in shares of Lam Research Corporation by 4.6% in the first quarter. State Street Corp now owns 7,112,786 shares of the semiconductor company’s stock worth $912,994,000 after buying an additional 313,082 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Lam Research Corporation by 13.7% in the first quarter. Janus Capital Management LLC now owns 3,608,710 shares of the semiconductor company’s stock worth $463,214,000 after buying an additional 433,555 shares in the last quarter. LSV Asset Management increased its position in shares of Lam Research Corporation by 22.9% in the first quarter. LSV Asset Management now owns 2,408,170 shares of the semiconductor company’s stock worth $309,112,000 after buying an additional 449,402 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Lam Research Corporation by 3.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,373,238 shares of the semiconductor company’s stock worth $304,629,000 after buying an additional 82,974 shares in the last quarter. 98.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lam Research Corporation (NASDAQ LRCX) opened at 155.20 on Thursday. The company has a market cap of $25.10 billion, a P/E ratio of 16.80 and a beta of 1.46. Lam Research Corporation has a 52-week low of $88.51 and a 52-week high of $170.00. The stock has a 50 day moving average of $153.99 and a 200 day moving average of $138.99.

Lam Research Corporation (NASDAQ:LRCX) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.95%. The business’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.80 EPS. On average, equities analysts anticipate that Lam Research Corporation will post $12.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio is 19.57%.

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Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Lam Research Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $200.00 price target on shares of Lam Research Corporation in a research note on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $145.00 price target (up previously from $140.00) on shares of Lam Research Corporation in a research note on Tuesday, April 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lam Research Corporation in a research note on Friday, July 7th. Finally, UBS AG reaffirmed a “buy” rating and set a $158.00 price target (up previously from $144.00) on shares of Lam Research Corporation in a research note on Saturday, April 22nd. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $172.41.

In other news, Director Stephen G. Newberry sold 20,047 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $150.01, for a total value of $3,007,250.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Timothy Archer sold 8,942 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $155.51, for a total transaction of $1,390,570.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,656 shares of company stock valued at $7,925,366. Corporate insiders own 0.46% of the company’s stock.

Lam Research Corporation Company Profile

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.

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

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