Cwm LLC Buys 332 Shares of Lam Research Co. (NASDAQ:LRCX)

Cwm LLC lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 7.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,857 shares of the semiconductor company’s stock after acquiring an additional 332 shares during the period. Cwm LLC’s holdings in Lam Research were worth $3,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Lam Research during the 2nd quarter valued at about $32,000. RFP Financial Group LLC lifted its holdings in shares of Lam Research by 52.2% in the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 12 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Lam Research by 78.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 50 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 22 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Lam Research during the 2nd quarter valued at $40,000. Finally, Country Trust Bank purchased a new position in Lam Research in the 2nd quarter worth $43,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on LRCX. Needham & Company LLC restated a “buy” rating and set a $113.00 price target on shares of Lam Research in a research report on Thursday, August 1st. Morgan Stanley decreased their price target on Lam Research from $92.90 to $77.40 and set an “equal weight” rating on the stock in a research note on Tuesday, September 17th. UBS Group dropped their price objective on Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Mizuho decreased their target price on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Finally, StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.28.

Lam Research Stock Performance

Shares of LRCX stock opened at $82.89 on Friday. Lam Research Co. has a 12 month low of $57.44 and a 12 month high of $113.00. The stock has a market cap of $10.84 billion, a PE ratio of 3.05, a price-to-earnings-growth ratio of 1.75 and a beta of 1.47. The company’s fifty day moving average price is $94.96 and its 200-day moving average price is $96.22. The company has a current ratio of 2.97, a quick ratio of 2.00 and a debt-to-equity ratio of 0.52.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts expect that Lam Research Co. will post 3.52 EPS for the current fiscal year.

Lam Research Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, September 17th. Lam Research’s dividend payout ratio (DPR) is currently 3.38%.

Insider Buying and Selling

In related news, CAO Christina Correia sold 647 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the sale, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.