Lam Research Corporation $LRCX Stock: One Way Holdings LLC Boosts Stake

One Way Holdings LLC increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,330 shares of the semiconductor company’s stock after buying an additional 3,220 shares during the period. Lam Research accounts for about 1.8% of One Way Holdings LLC’s portfolio, making the stock its 12th largest position. One Way Holdings LLC’s holdings in Lam Research were worth $39,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Paladin Partners LLC purchased a new stake in Lam Research in the second quarter valued at $26,000. William Mack & Associates Inc. acquired a new position in Lam Research in the 3rd quarter valued at $25,000. Dakota Community Bank & Trust NA purchased a new position in shares of Lam Research in the third quarter worth about $33,000. Quintet Private Bank Europe S.A. grew its holdings in shares of Lam Research by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 50 shares during the period. Finally, Bravera Wealth acquired a new position in Lam Research in the 2nd quarter valued at about $46,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $239.11 on Monday. The firm has a market cap of $298.69 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.97. The company has a fifty day simple moving average of $294.47 and a 200 day simple moving average of $283.78. The company has a current ratio of 2.48, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same quarter last year, the business posted $1.26 EPS. Lam Research’s quarterly revenue was up 54.4% compared to the same quarter last year. On average, equities research analysts anticipate that Lam Research Corporation will post 9.59 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.33 per share. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 23rd. Lam Research’s dividend payout ratio is presently 19.67%.

Analysts Set New Price Targets

LRCX has been the topic of a number of analyst reports. Fundamental Research set a $390.00 price target on Lam Research in a research note on Thursday, October 1st. Bank of America reiterated a “buy” rating and issued a $345.00 price target on shares of Lam Research in a report on Thursday, October 22nd. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Finally, Evercore set a $315.00 price objective on Lam Research in a report on Tuesday, October 20th. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $360.23.

Insider Buying and Selling at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.31% of the company’s stock.

About Lam Research

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.