Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 69.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,217 shares of the semiconductor company’s stock after selling 14,390 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Lam Research were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LRCX. Bessemer Group Inc. increased its stake in Lam Research by 70.2% during the 2nd quarter. Bessemer Group Inc. now owns 2,323 shares of the semiconductor company’s stock valued at $328,000 after purchasing an additional 958 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Lam Research by 0.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 1,789 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 12 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Lam Research by 3.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 530,597 shares of the semiconductor company’s stock valued at $75,043,000 after purchasing an additional 18,781 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Lam Research by 27.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 34,712 shares of the semiconductor company’s stock valued at $4,909,000 after purchasing an additional 7,524 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of Lam Research by 69.1% in the second quarter. State of Wisconsin Investment Board now owns 272,580 shares of the semiconductor company’s stock worth $38,551,000 after acquiring an additional 111,380 shares during the period. 93.80% of the stock is owned by institutional investors.

Shares of Lam Research Co. (NASDAQ LRCX) opened at $181.31 on Thursday. The company has a market cap of $29,404.57, a price-to-earnings ratio of 15.64, a P/E/G ratio of 0.83 and a beta of 1.57. The company has a current ratio of 3.31, a quick ratio of 2.83 and a debt-to-equity ratio of 0.24. Lam Research Co. has a 52-week low of $103.67 and a 52-week high of $219.70.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.27 by $0.19. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.46 billion. Lam Research had a net margin of 22.85% and a return on equity of 30.19%. The firm’s revenue was up 51.8% on a year-over-year basis. During the same quarter last year, the business earned $1.81 earnings per share. equities analysts expect that Lam Research Co. will post 14.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.10%. This is an increase from Lam Research’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, December 5th. Lam Research’s dividend payout ratio (DPR) is presently 18.28%.

Lam Research declared that its board has initiated a stock buyback plan on Tuesday, November 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

LRCX has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Lam Research in a research note on Friday, October 13th. KeyCorp reiterated a “buy” rating and issued a $225.00 price objective on shares of Lam Research in a research note on Sunday, November 19th. BidaskClub lowered shares of Lam Research from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. B. Riley reiterated a “buy” rating and issued a $250.00 price objective on shares of Lam Research in a research note on Tuesday, November 14th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $240.00 price objective on shares of Lam Research in a research note on Thursday, October 19th. Four analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $212.99.

In other Lam Research news, COO Timothy Archer sold 15,638 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $175.65, for a total transaction of $2,746,814.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Patrick J. Lord sold 264 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $216.08, for a total transaction of $57,045.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,247 shares of company stock worth $12,162,864. Insiders own 0.41% of the company’s stock.

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About Lam Research

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 (NASDAQ:LRCX)

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