Northwestern Mutual Investment Management Company LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 81.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,088 shares of the semiconductor company’s stock after selling 26,829 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Lam Research Corporation were worth $512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BDO Wealth Advisors LLC bought a new position in Lam Research Corporation during the second quarter worth about $118,000. Stephens Inc. AR lifted its stake in Lam Research Corporation by 6.8% during the first quarter. Stephens Inc. AR now owns 849 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 54 shares during the period. IFP Advisors Inc lifted its stake in Lam Research Corporation by 2.7% during the first quarter. IFP Advisors Inc now owns 850 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 22 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Lam Research Corporation during the second quarter worth about $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Lam Research Corporation by 358.3% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,100 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 94.10% of the company’s stock.

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In related news, SVP Sarah A. O’dowd sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $150.92, for a total transaction of $1,509,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Timothy Archer sold 6,897 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total transaction of $1,106,968.50. The disclosure for this sale can be found here. Insiders sold 19,897 shares of company stock worth $3,097,226 over the last ninety days. Insiders own 0.46% of the company’s stock.

A number of research analysts have commented on LRCX shares. Stifel Nicolaus restated a “buy” rating and set a $189.00 price target (up previously from $170.00) on shares of Lam Research Corporation in a research note on Monday, June 19th. Needham & Company LLC raised their price target on shares of Lam Research Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, June 16th. BidaskClub cut shares of Lam Research Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. UBS AG restated a “buy” rating and set a $190.00 price target on shares of Lam Research Corporation in a research note on Tuesday, June 13th. Finally, Bank of America Corporation restated a “buy” rating and set a $195.00 price target (up previously from $165.00) on shares of Lam Research Corporation in a research note on Sunday, June 11th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Lam Research Corporation currently has an average rating of “Buy” and a consensus price target of $176.33.

Shares of Lam Research Corporation (NASDAQ LRCX) opened at 171.67 on Wednesday. The firm has a market cap of $27.89 billion, a price-to-earnings ratio of 18.58 and a beta of 1.47. The company has a 50 day moving average of $160.48 and a 200-day moving average of $146.41. Lam Research Corporation has a one year low of $90.56 and a one year high of $172.56.

Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.02 by $0.09. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company posted $1.80 earnings per share. Lam Research Corporation’s revenue for the quarter was up 51.6% compared to the same quarter last year. On average, analysts expect that Lam Research Corporation will post $12.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders 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 1.05%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is 19.57%.

Lam Research Corporation 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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