Intrust Bank NA boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 19.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,460 shares of the semiconductor company’s stock after acquiring an additional 733 shares during the period. Intrust Bank NA’s holdings in Lam Research Corporation were worth $825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wetherby Asset Management Inc. lifted its position in Lam Research Corporation by 0.7% in the second quarter. Wetherby Asset Management Inc. now owns 1,789 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 12 shares during the last quarter. Fiduciary Trust Co. raised its holdings in shares of Lam Research Corporation by 1.0% in the second quarter. Fiduciary Trust Co. now owns 2,044 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 20 shares during the last quarter. Smithfield Trust Co. raised its holdings in shares of Lam Research Corporation by 0.9% in the second quarter. Smithfield Trust Co. now owns 2,382 shares of the semiconductor company’s stock valued at $337,000 after buying an additional 22 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in shares of Lam Research Corporation by 1.0% in the second quarter. Hanseatic Management Services Inc. now owns 2,242 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 22 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in shares of Lam Research Corporation by 0.5% in the second quarter. ETRADE Capital Management LLC now owns 5,833 shares of the semiconductor company’s stock valued at $825,000 after buying an additional 28 shares during the last quarter. 93.05% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Stephen G. Newberry sold 750 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $170.00, for a total value of $127,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Timothy Archer sold 8,691 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $171.76, for a total transaction of $1,492,766.16. The disclosure for this sale can be found here. Insiders sold 40,419 shares of company stock worth $7,167,497 over the last quarter. Company insiders own 0.41% of the company’s stock.

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Shares of Lam Research Corporation (NASDAQ LRCX) traded up $0.54 on Monday, reaching $207.93. 432,874 shares of the company’s stock traded hands, compared to its average volume of 2,088,137. The company has a quick ratio of 2.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.24. Lam Research Corporation has a one year low of $95.10 and a one year high of $211.41. The firm has a market capitalization of $33,586.02, a price-to-earnings ratio of 17.86, a P/E/G ratio of 0.97 and a beta of 1.63.

Lam Research Corporation (NASDAQ:LRCX) last issued its earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.19. Lam Research Corporation had a net margin of 22.85% and a return on equity of 30.19%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business posted $1.81 earnings per share. The firm’s revenue for the quarter was up 51.8% compared to the same quarter last year. sell-side analysts predict that Lam Research Corporation will post 14.45 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $220.00 target price on shares of Lam Research Corporation in a report on Tuesday, August 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $185.00 target price (up from $150.00) on shares of Lam Research Corporation in a report on Thursday, July 27th. Argus assumed coverage on shares of Lam Research Corporation in a report on Tuesday, September 12th. They issued a “buy” rating and a $196.00 target price for the company. ValuEngine raised shares of Lam Research Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, Stifel Nicolaus upped their target price on shares of Lam Research Corporation from $215.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Lam Research Corporation presently has a consensus rating of “Buy” and a consensus price target of $209.32.

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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