SageView Advisory Group LLC Has $387,000 Stake in Lam Research Co. (NASDAQ:LRCX)

SageView Advisory Group LLC reduced its stake in Lam Research Co. (NASDAQ:LRCX) by 47.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 474 shares of the semiconductor company’s stock after selling 425 shares during the period. SageView Advisory Group LLC’s holdings in Lam Research were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lantz Financial LLC bought a new stake in shares of Lam Research during the second quarter worth $212,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Lam Research by 3.7% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 335 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 12 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Lam Research during the 2nd quarter worth $65,000. Gateway Investment Advisers LLC increased its holdings in Lam Research by 6.6% in the 2nd quarter. Gateway Investment Advisers LLC now owns 11,054 shares of the semiconductor company’s stock worth $11,771,000 after purchasing an additional 684 shares in the last quarter. Finally, Country Trust Bank bought a new position in Lam Research in the second quarter valued at about $43,000. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on LRCX. UBS Group reduced their price target on Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company reduced their target price on shares of Lam Research from $85.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Mizuho reduced their price objective 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, Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.24.

Insiders Place Their Bets

In other news, CAO Christina Correia sold 647 shares of the company’s 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 transaction, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This represents a 13.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Lam Research Price Performance

Lam Research stock opened at $76.59 on Friday. The stock has a market cap of $98.55 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.24 and a beta of 1.46. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average price is $76.42 and its two-hundred day moving average price is $86.25. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.85 earnings per share. On average, equities analysts predict that Lam Research Co. will post 3.52 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s dividend payout ratio is 29.74%.

Lam Research Company Profile

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.