WINTON GROUP Ltd Sells 115,970 Shares of Lam Research Corporation (LRCX)

WINTON GROUP Ltd trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 44.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,735 shares of the semiconductor company’s stock after selling 115,970 shares during the period. WINTON GROUP Ltd owned 0.09% of Lam Research Corporation worth $20,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. Stephens Inc. AR raised its position in shares of Lam Research Corporation by 6.8% in the 1st quarter. Stephens Inc. AR now owns 849 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 54 shares in the last quarter. Odey Holdings AG raised its position in shares of Lam Research Corporation by 9.9% in the 2nd quarter. Odey Holdings AG now owns 810 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 73 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Lam Research Corporation in the 2nd quarter worth $118,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Lam Research Corporation in the 2nd quarter worth $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Lam Research Corporation by 358.3% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,100 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 860 shares in the last quarter. 93.96% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently commented on the company. B. Riley reissued a “buy” rating and issued a $220.00 price target on shares of Lam Research Corporation in a research report on Thursday, July 27th. Zacks Investment Research lowered Lam Research Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Lam Research Corporation in a research report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 target price (up from $145.00) on shares of Lam Research Corporation in a research report on Thursday, July 27th. Finally, BidaskClub lowered Lam Research Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $182.94.

Shares of Lam Research Corporation (LRCX) traded up 1.56% on Friday, hitting $189.90. The stock had a trading volume of 1,557,143 shares. Lam Research Corporation has a 12-month low of $93.69 and a 12-month high of $190.31. The stock has a 50 day moving average price of $174.84 and a 200-day moving average price of $155.92. The company has a market cap of $30.85 billion, a price-to-earnings ratio of 20.55 and a beta of 1.53.

Lam Research Corporation (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. The firm’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. On average, equities analysts expect that Lam Research Corporation will post $12.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is presently 19.57%.

In related news, COO Timothy Archer sold 6,897 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $160.50, for a total value of $1,106,968.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen G. Newberry sold 750 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total value of $120,375.00. The disclosure for this sale can be found here. Insiders sold a total of 48,066 shares of company stock worth $8,350,148 in the last 90 days. 0.41% of the stock is currently owned by 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.

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

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