Westfield Capital Management Co. LP boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 35.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,911 shares of the semiconductor company’s stock after acquiring an additional 40,276 shares during the quarter. Westfield Capital Management Co. LP owned 0.10% of Lam Research Corporation worth $21,909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Lam Research Corporation by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 15,750,128 shares of the semiconductor company’s stock valued at $2,021,687,000 after acquiring an additional 471,405 shares during the period. State Street Corp boosted its holdings in Lam Research Corporation by 4.6% during the 1st quarter. State Street Corp now owns 7,112,786 shares of the semiconductor company’s stock valued at $912,994,000 after acquiring an additional 313,082 shares during the period. Janus Capital Management LLC boosted its holdings in Lam Research Corporation by 13.7% during the 1st quarter. Janus Capital Management LLC now owns 3,608,710 shares of the semiconductor company’s stock valued at $463,214,000 after acquiring an additional 433,555 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Lam Research Corporation by 3.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 2,373,238 shares of the semiconductor company’s stock valued at $304,629,000 after acquiring an additional 82,974 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Lam Research Corporation by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 1,950,620 shares of the semiconductor company’s stock valued at $275,876,000 after acquiring an additional 141,444 shares during the period. Institutional investors own 93.96% of the company’s stock.

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Lam Research Corporation (LRCX) traded down 0.50% on Tuesday, hitting $176.43. The stock had a trading volume of 215,352 shares. Lam Research Corporation has a 52-week low of $90.56 and a 52-week high of $178.18. The firm’s 50-day moving average is $161.71 and its 200-day moving average is $148.38. The company has a market cap of $28.66 billion, a P/E ratio of 19.09 and a beta of 1.47.

Lam Research Corporation (NASDAQ:LRCX) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. Lam Research Corporation’s revenue was up 51.6% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. Equities research analysts anticipate that Lam Research Corporation will post $12.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $1.80 dividend on an annualized basis and a yield of 1.02%. Lam Research Corporation’s dividend payout ratio (DPR) is presently 19.57%.

LRCX has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $175.00 price objective on shares of Lam Research Corporation in a report on Wednesday, July 26th. Credit Suisse Group restated a “buy” rating on shares of Lam Research Corporation in a report on Tuesday, August 29th. BidaskClub cut Lam Research Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Stifel Nicolaus restated a “buy” rating and set a $189.00 price objective (up previously from $170.00) on shares of Lam Research Corporation in a report on Monday, June 19th. Finally, KeyCorp restated an “overweight” rating on shares of Lam Research Corporation in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Lam Research Corporation currently has a consensus rating of “Buy” and an average price target of $177.68.

In related news, COO Timothy Archer sold 8,691 shares of Lam Research Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $171.76, for a total value of $1,492,766.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen G. Newberry sold 750 shares of Lam Research Corporation stock in a transaction on Monday, September 11th. The shares were sold at an average price of $170.00, for a total value of $127,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,338 shares of company stock valued at $4,717,492. 0.46% of the stock is currently owned by company insiders.

Lam Research Corporation Profile

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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

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