Lam Research Corporation (LRCX) Stake Increased by Signature Estate & Investment Advisors LLC
Signature Estate & Investment Advisors LLC lifted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 15.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,986 shares of the semiconductor company’s stock after purchasing an additional 527 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Lam Research Corporation were worth $738,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its position in Lam Research Corporation by 1.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 206,554 shares of the semiconductor company’s stock worth $33,808,000 after acquiring an additional 3,917 shares during the period. Sigma Planning Corp acquired a new stake in Lam Research Corporation during the 3rd quarter worth about $489,000. Teacher Retirement System of Texas lifted its position in Lam Research Corporation by 140.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 202,106 shares of the semiconductor company’s stock worth $37,398,000 after acquiring an additional 117,933 shares during the period. Toronto Dominion Bank lifted its position in Lam Research Corporation by 12.6% during the 3rd quarter. Toronto Dominion Bank now owns 61,573 shares of the semiconductor company’s stock worth $11,393,000 after acquiring an additional 6,908 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Lam Research Corporation by 2.6% during the 3rd quarter. CIBC Asset Management Inc now owns 21,522 shares of the semiconductor company’s stock worth $3,982,000 after acquiring an additional 536 shares during the period. 93.05% of the stock is owned by hedge funds and other institutional investors.
In other Lam Research Corporation news, Director Stephen G. Newberry sold 750 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $170.00, for a total transaction of $127,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Timothy Archer sold 11,590 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $181.76, for a total value of $2,106,598.40. 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. 0.41% of the stock is currently owned by insiders.
Lam Research Corporation (LRCX) traded up $1.84 on Tuesday, reaching $209.23. The company had a trading volume of 1,457,600 shares, compared to its average volume of 2,085,258. Lam Research Corporation has a 12-month low of $97.51 and a 12-month high of $211.41. The firm has a market capitalization of $33,586.02, a PE ratio of 17.86, a PEG ratio of 0.97 and a beta of 1.63. 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 (NASDAQ:LRCX) last released its quarterly earnings data on Tuesday, October 17th. The semiconductor company reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.19. Lam Research Corporation had a return on equity of 30.19% and a net margin of 22.85%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the firm posted $1.81 earnings per share. The firm’s quarterly revenue was up 51.8% on a year-over-year basis. equities analysts predict that Lam Research Corporation will post 14.45 earnings per share for the current year.
A number of analysts have commented on LRCX shares. Morgan Stanley reaffirmed an “overweight” rating and set a $176.00 price target on shares of Lam Research Corporation in a research report on Monday, August 14th. Vetr cut Lam Research Corporation from a “buy” rating to a “hold” rating and set a $196.77 price target for the company. in a research report on Monday, October 16th. DA Davidson reaffirmed a “buy” rating and set a $215.00 price target on shares of Lam Research Corporation in a research report on Thursday, October 12th. Citigroup Inc. lifted their price target on Lam Research Corporation from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “buy” rating and set a $225.00 price target (up previously from $202.00) on shares of Lam Research Corporation in a research report on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $209.32.
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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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