Lam Research Corporation $LRCX Stock Acquired by One Way Holdings LLC

One Way Holdings LLC increased its position in Lam Research Corporation (NASDAQ:LRCX) by 2.8% in the 3rd quarter, according to the company in its most recent 13F 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 approximately 1.8% of One Way Holdings LLC’s investment portfolio, making the stock its 12th biggest holding. One Way Holdings LLC’s holdings in Lam Research were worth $39,201,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Paladin Partners LLC purchased a new stake in Lam Research in the 2nd quarter valued at $26,000. William Mack & Associates Inc. purchased a new stake in shares of Lam Research in the third quarter valued at about $25,000. Dakota Community Bank & Trust NA purchased a new stake in shares of Lam Research in the third quarter valued at about $33,000. Quintet Private Bank Europe S.A. lifted its position in shares of Lam Research by 100.0% during 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 in the last quarter. Finally, Bravera Wealth purchased a new position in Lam Research during the second quarter worth about $46,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction on Monday, August 31st. The stock was 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 owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the transaction, the director owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LRCX shares. TD Cowen reaffirmed a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Mizuho lowered their price objective on shares of Lam Research from $365.00 to $360.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Finally, Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 22nd. Twenty-six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $360.23.

Lam Research Price Performance

LRCX stock opened at $239.11 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48. Lam Research Corporation has a 52 week low of $135.50 and a 52 week high of $438.50. The firm’s fifty day moving average is $294.47 and its 200 day moving average is $283.78. The firm has a market cap of $298.69 billion, a P/E ratio of 35.63, a P/E/G ratio of 0.89 and a beta of 1.97.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The firm had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s revenue was up 54.4% on a year-over-year basis. Research analysts predict that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.6%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is currently 19.67%.

Lam Research Profile

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.