Global Endowment Management LP trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 27.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,600 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Global Endowment Management LP’s holdings in Lam Research Corporation were worth $367,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LRCX. Stephens Inc. AR boosted its holdings in Lam Research Corporation by 6.8% in the 1st quarter. Stephens Inc. AR now owns 849 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 54 shares during the period. BDO Wealth Advisors LLC bought a new position in Lam Research Corporation in the 2nd quarter valued at $118,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Lam Research Corporation in the 2nd quarter valued at $134,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Lam Research Corporation by 358.3% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,100 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 860 shares during the period. Finally, Financial Architects Inc boosted its holdings in Lam Research Corporation by 1,164.8% in the 2nd quarter. Financial Architects Inc now owns 1,366 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 1,258 shares during the period. 93.96% of the stock is owned by hedge funds and other institutional investors.

Lam Research Corporation (LRCX) opened at 179.39 on Thursday. Lam Research Corporation has a 52-week low of $90.56 and a 52-week high of $180.62. The firm has a 50 day moving average of $162.21 and a 200-day moving average of $148.80. The stock has a market cap of $29.14 billion, a PE ratio of 19.41 and a beta of 1.47.

Lam Research Corporation (NASDAQ:LRCX) last released its quarterly earnings data 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. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business earned $1.80 earnings per share. Lam Research Corporation’s quarterly revenue was up 51.6% compared to the same quarter last year. Equities analysts anticipate that Lam Research Corporation will post $12.75 earnings per share for the current fiscal 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 given a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 12th. This represents a $1.80 annualized dividend and a yield of 1.00%. Lam Research Corporation’s dividend payout ratio (DPR) is currently 19.57%.

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In other news, 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 value of $1,106,968.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen G. Newberry sold 1,500 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $162.75, for a total transaction of $244,125.00. The disclosure for this sale can be found here. Insiders have sold 35,726 shares of company stock valued at $6,086,357 in the last quarter. 0.46% of the stock is owned by company insiders.

A number of analysts have recently issued reports on LRCX shares. UBS AG reaffirmed a “buy” rating and set a $190.00 price objective on shares of Lam Research Corporation in a report on Tuesday, June 13th. B. Riley reaffirmed a “buy” rating and set a $220.00 price objective on shares of Lam Research Corporation in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Lam Research Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price objective (up from $145.00) on shares of Lam Research Corporation in a report on Thursday, July 27th. Finally, BidaskClub downgraded shares of Lam Research Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $177.68.

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.

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

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