Parametric Portfolio Associates LLC Has $113.53 Million Holdings in Lam Research Co. (LRCX)

Parametric Portfolio Associates LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 20.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 634,194 shares of the semiconductor company’s stock after buying an additional 108,066 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Lam Research were worth $113,527,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Global Retirement Partners LLC grew its holdings in Lam Research by 119.4% during the 1st quarter. Global Retirement Partners LLC now owns 147 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 80 shares during the last quarter. Strategy Asset Managers LLC acquired a new stake in Lam Research during the 1st quarter valued at $33,000. We Are One Seven LLC acquired a new stake in Lam Research during the 4th quarter valued at $26,000. Berman Capital Advisors LLC acquired a new stake in Lam Research during the 4th quarter valued at $26,000. Finally, Duncker Streett & Co. Inc. grew its holdings in Lam Research by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 200 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 88.59% of the company’s stock.

Shares of Lam Research stock traded down $3.55 during trading hours on Friday, reaching $181.90. 2,136,769 shares of the company’s stock were exchanged, compared to its average volume of 2,353,287. Lam Research Co. has a 52-week low of $122.64 and a 52-week high of $209.50. The firm has a market cap of $27.27 billion, a PE ratio of 10.18, a P/E/G ratio of 1.09 and a beta of 1.57. The company has a quick ratio of 2.79, a current ratio of 3.37 and a debt-to-equity ratio of 0.71.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.32. Lam Research had a return on equity of 46.66% and a net margin of 25.64%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the company posted $4.79 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. Equities research analysts anticipate that Lam Research Co. will post 14.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 12th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, June 11th. Lam Research’s dividend payout ratio (DPR) is currently 24.62%.

A number of brokerages have commented on LRCX. Zacks Investment Research cut Lam Research from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Mizuho reiterated a “buy” rating and set a $180.00 target price on shares of Lam Research in a report on Tuesday, April 16th. Needham & Company LLC increased their price target on Lam Research from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. UBS Group increased their price target on Lam Research from $170.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, B. Riley raised Lam Research from a “neutral” rating to a “buy” rating and increased their price target for the stock from $170.00 to $235.00 in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $224.78.

In related news, SVP Kevin Jennings sold 7,016 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $177.35, for a total value of $1,244,287.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard A. Gottscho sold 2,155 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $209.00, for a total value of $450,395.00. The disclosure for this sale can be found here. Insiders sold a total of 35,125 shares of company stock worth $6,772,290 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

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Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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

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