Capital Advisors Inc. OK Has $1.12 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Capital Advisors Inc. OK grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 1.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,955 shares of the semiconductor company’s stock after purchasing an additional 40 shares during the period. Capital Advisors Inc. OK’s holdings in Lam Research were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bridgeway Capital Management Inc. increased its position in Lam Research by 520.0% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 6,200 shares of the semiconductor company’s stock valued at $2,005,000 after purchasing an additional 5,200 shares during the period. Advisor OS LLC bought a new position in shares of Lam Research during the 2nd quarter worth approximately $366,000. Neuberger Berman Group LLC lifted its holdings in shares of Lam Research by 68.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 512,884 shares of the semiconductor company’s stock worth $165,856,000 after purchasing an additional 208,802 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of Lam Research in the 2nd quarter worth $11,743,000. Finally, Oak Grove Capital LLC lifted its stake in Lam Research by 221.9% during the 2nd quarter. Oak Grove Capital LLC now owns 7,945 shares of the semiconductor company’s stock valued at $2,570,000 after acquiring an additional 14,464 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

LRCX has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Lam Research from $270.00 to $370.00 in a research report on Thursday, July 30th. Mizuho lifted their price objective on Lam Research from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. KeyCorp lifted their price objective on Lam Research from $348.00 to $421.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citigroup lifted their price objective on Lam Research from $313.00 to $389.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. They noted that the move was a valuation call. Finally, B. Riley lifted their price objective on Lam Research from $435.00 to $450.00 in a report on Thursday, July 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $376.38.

In other news, EVP Richard A. Gottscho sold 5,293 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $384.52, for a total transaction of $2,035,264.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 9,623 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $355.60, for a total value of $3,421,938.80. The disclosure for this sale can be found here. Insiders have sold 66,037 shares of company stock worth $23,254,085 over the last three months. Insiders own 0.43% of the company’s stock.

Lam Research stock traded down $2.33 during trading hours on Wednesday, reaching $306.60. The company had a trading volume of 1,415,567 shares, compared to its average volume of 2,077,891. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.43 and a quick ratio of 2.83. Lam Research Co. has a 12-month low of $181.38 and a 12-month high of $387.70. The firm has a market cap of $44.99 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.07 and a beta of 1.27. The company has a 50-day moving average price of $352.75 and a 200 day moving average price of $298.24.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $4.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.20 by $0.58. Lam Research had a return on equity of 49.69% and a net margin of 22.42%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm earned $3.62 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts expect that Lam Research Co. will post 20.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, September 29th. This is a boost from Lam Research’s previous quarterly dividend of $1.15. This represents a $5.20 annualized dividend and a dividend yield of 1.70%. Lam Research’s payout ratio is 28.84%.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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