84,833 Lam Research Corporation $LRCX Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,614,930 shares of the semiconductor company’s stock after acquiring an additional 84,833 shares during the period. Lam Research makes up about 0.8% of ProShare Advisors LLC’s investment portfolio, making the stock its 16th largest holding. ProShare Advisors LLC’s holdings in Lam Research were worth $530,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. World Equity Group Inc. raised its stake in Lam Research by 0.5% in the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after buying an additional 29 shares during the period. Vann Equity Management LLC boosted its stake in shares of Lam Research by 1.1% in the 3rd quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company’s stock valued at $944,000 after purchasing an additional 31 shares in the last quarter. Tenzing Financial LLC increased its holdings in Lam Research by 3.5% in the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 34 shares in the last quarter. Advus Financial Partners LLC raised its stake in shares of Lam Research by 1.0% during the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after acquiring an additional 34 shares during the last quarter. Finally, Paragon Private Wealth Management LLC raised its position in shares of Lam Research by 1.3% during the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock worth $1,178,000 after acquiring an additional 35 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $239.11 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. The firm has a market capitalization of $298.69 billion, a PE ratio of 35.63, a P/E/G ratio of 0.89 and a beta of 1.85. The business’s 50 day moving average price is $294.47 and its 200-day moving average price is $283.78. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.02. The company had revenue of $8.22 billion for the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 earnings per share. As a group, equities research analysts expect that Lam Research Corporation will post 9.59 earnings per share for the current fiscal year.

Lam Research Increases Dividend

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

Wall Street Analyst Weigh In

LRCX has been the subject of several research reports. Wells Fargo & Company reissued an “overweight” rating and issued a $350.00 price target (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 22nd. Fundamental Research set a $390.00 target price on Lam Research in a research report on Thursday, October 1st. Berenberg Bank set a $420.00 target price on Lam Research in a research note on Wednesday, September 9th. Finally, Bank of America reissued a “buy” rating and issued a $345.00 price target on shares of Lam Research in a research report on Thursday, October 22nd. Twenty-six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $360.23.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 dated 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. 0.31% of the stock is currently owned by insiders.

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.