Empowered Funds LLC Has $74.81 Million Holdings in Lam Research Corporation $LRCX

Empowered Funds LLC lessened its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,156 shares of the semiconductor company’s stock after selling 43,745 shares during the period. Lam Research accounts for 0.5% of Empowered Funds LLC’s holdings, making the stock its 20th biggest holding. Empowered Funds LLC’s holdings in Lam Research were worth $74,814,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LRCX. KCM Investment Advisors LLC increased its holdings in Lam Research by 7.2% in the first quarter. KCM Investment Advisors LLC now owns 12,723 shares of the semiconductor company’s stock valued at $2,718,000 after purchasing an additional 859 shares during the period. Excelsior Advisor Network LLC lifted its holdings in Lam Research by 3.0% during the 1st quarter. Excelsior Advisor Network LLC now owns 3,916 shares of the semiconductor company’s stock worth $837,000 after buying an additional 113 shares during the period. Quantinno Capital Management LP lifted its holdings in Lam Research by 11.1% during the 1st quarter. Quantinno Capital Management LP now owns 1,063,637 shares of the semiconductor company’s stock worth $227,257,000 after buying an additional 106,077 shares during the period. Clough Capital Partners L P bought a new stake in shares of Lam Research in the 1st quarter valued at about $2,032,000. Finally, SummitTX Capital L.P. bought a new stake in shares of Lam Research in the 1st quarter valued at about $2,094,000. Institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 98,611 shares of company stock valued at $32,250,190. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LRCX. Stifel Nicolaus boosted their price target on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. HSBC reiterated a “hold” rating and set a $333.00 price objective on shares of Lam Research in a research report on Monday. Erste Group Bank downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Royal Bank Of Canada upped their price target on shares of Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $363.37.

Lam Research Stock Down 4.5%

Lam Research stock opened at $291.61 on Tuesday. The firm has a market capitalization of $364.68 billion, a price-to-earnings ratio of 55.02, a price-to-earnings-growth ratio of 1.81 and a beta of 1.80. The firm’s fifty day moving average price is $342.02 and its two-hundred day moving average price is $274.96. Lam Research Corporation has a 1-year low of $90.93 and a 1-year high of $438.50. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.