Bank of Montreal Can decreased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 22.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,204,140 shares of the semiconductor company’s stock after selling 351,943 shares during the period. Bank of Montreal Can’s holdings in Lam Research were worth $221,647,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position in shares of Lam Research by 23,238.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,742,669 shares of the semiconductor company’s stock worth $670,756,000 after purchasing an additional 4,722,348 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Lam Research by 3,248.5% in the 3rd quarter. Schroder Investment Management Group now owns 703,625 shares of the semiconductor company’s stock worth $127,933,000 after purchasing an additional 682,612 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Lam Research by 66.0% in the 3rd quarter. Nordea Investment Management AB now owns 1,575,269 shares of the semiconductor company’s stock worth $291,488,000 after purchasing an additional 626,034 shares in the last quarter. GQG Partners LLC bought a new stake in shares of Lam Research in the 2nd quarter worth approximately $87,726,000. Finally, Vanguard Group Inc. boosted its position in shares of Lam Research by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,162,079 shares of the semiconductor company’s stock worth $2,285,802,000 after purchasing an additional 411,951 shares in the last quarter. Hedge funds and other institutional investors own 93.45% of the company’s stock.

A number of analysts have recently commented on LRCX shares. Zacks Investment Research cut Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. DA Davidson reissued a “buy” rating and issued a $215.00 price target on shares of Lam Research in a research report on Thursday, October 12th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target (up from $200.00) on shares of Lam Research in a research report on Friday, October 13th. Vetr cut Lam Research from a “buy” rating to a “hold” rating and set a $196.77 price target on the stock. in a research report on Monday, October 16th. Finally, B. Riley boosted their price target on Lam Research from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lam Research has an average rating of “Buy” and a consensus price target of $220.65.

Shares of Lam Research Co. (NASDAQ LRCX) traded up $1.88 on Tuesday, reaching $190.39. 4,250,617 shares of the company’s stock were exchanged, compared to its average volume of 3,000,000. The stock has a market cap of $30,830.00, a price-to-earnings ratio of 17.39, a PEG ratio of 0.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.83 and a current ratio of 3.31. Lam Research Co. has a 1-year low of $108.46 and a 1-year high of $219.70.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.19. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.46 billion. Lam Research had a net margin of 22.85% and a return on equity of 30.19%. The company’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 EPS. research analysts expect that Lam Research Co. will post 14.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 5th. This is a positive change from Lam Research’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.05%. Lam Research’s payout ratio is currently 18.26%.

Lam Research announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 14th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

In other Lam Research news, Director Michael R. Cannon sold 9,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $212.43, for a total transaction of $1,911,870.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Patrick J. Lord sold 264 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $216.08, for a total transaction of $57,045.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,269 shares of company stock valued at $6,615,633. Company insiders own 0.41% of the company’s stock.

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Lam Research Company 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 (NASDAQ:LRCX)

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