Polianta Ltd lessened its position in Lam Research Co. (NASDAQ:LRCX) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,120 shares of the semiconductor company’s stock after selling 1,280 shares during the quarter. Polianta Ltd’s holdings in Lam Research were worth $1,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Schroder Investment Management Group increased its stake in Lam Research by 63.3% in the second quarter. Schroder Investment Management Group now owns 21,013 shares of the semiconductor company’s stock valued at $2,991,000 after acquiring an additional 8,144 shares during the last quarter. Eaton Vance Management bought a new position in Lam Research in the second quarter valued at $4,010,000. Alliancebernstein L.P. increased its stake in Lam Research by 21.8% in the second quarter. Alliancebernstein L.P. now owns 346,130 shares of the semiconductor company’s stock valued at $48,953,000 after acquiring an additional 61,986 shares during the last quarter. AJO LP increased its stake in Lam Research by 69.7% in the second quarter. AJO LP now owns 875,956 shares of the semiconductor company’s stock valued at $123,886,000 after acquiring an additional 359,718 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of Lam Research by 15.0% during the second quarter. Raymond James Trust N.A. now owns 2,865 shares of the semiconductor company’s stock valued at $405,000 after buying an additional 373 shares during the last quarter. 93.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lam Research Co. (NASDAQ:LRCX) opened at $197.57 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $32,000.00, a PE ratio of 18.04, a P/E/G ratio of 0.90 and a beta of 1.57. Lam Research Co. has a 12 month low of $106.80 and a 12 month high of $219.70.

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

Lam Research announced that its Board of Directors has approved a stock buyback program on Tuesday, November 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This is a boost from Lam Research’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.01%. Lam Research’s dividend payout ratio (DPR) is presently 18.26%.

In related news, insider Martin B. Anstice sold 21,955 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $211.16, for a total value of $4,636,017.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Patrick J. Lord sold 264 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $216.08, for a total value of $57,045.12. The disclosure for this sale can be found here. Insiders sold 32,769 shares of company stock worth $6,904,451 over the last three months. 0.41% of the stock is owned by insiders.

A number of brokerages have recently issued reports on LRCX. Vetr cut Lam Research from a “strong-buy” rating to a “buy” rating and set a $215.24 price objective on the stock. in a research note on Wednesday. Nomura raised Lam Research from a “neutral” rating to a “buy” rating and raised their price objective for the company from $103.01 to $215.00 in a research note on Thursday, December 7th. Instinet raised Lam Research from a “neutral” rating to a “buy” rating in a research note on Thursday, December 7th. BidaskClub cut Lam Research from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $225.00 price objective on shares of Lam Research in a research note on Sunday, November 19th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Lam Research currently has a consensus rating of “Buy” and an average price target of $213.83.

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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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