Natixis Advisors L.P. increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 0.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,439 shares of the semiconductor company’s stock after purchasing an additional 150 shares during the quarter. Natixis Advisors L.P.’s holdings in Lam Research were worth $3,839,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC increased its stake in Lam Research by 119.4% during the 1st quarter. Global Retirement Partners LLC now owns 147 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Zions Bancorporation N.A. bought a new position in shares of Lam Research in the first quarter valued at $28,000. Hexavest Inc. acquired a new stake in Lam Research during the 2nd quarter valued at $28,000. Strategy Asset Managers LLC acquired a new stake in Lam Research during the 1st quarter valued at $33,000. Finally, MUFG Americas Holdings Corp lifted its holdings in Lam Research by 75.0% during the 2nd quarter. MUFG Americas Holdings Corp now owns 175 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 75 shares during the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

Shares of LRCX traded up $1.95 during midday trading on Friday, reaching $236.82. 336,613 shares of the stock were exchanged, compared to its average volume of 1,530,589. Lam Research Co. has a twelve month low of $122.64 and a twelve month high of $236.34. The company has a quick ratio of 2.96, a current ratio of 3.61 and a debt-to-equity ratio of 0.81. The company has a market cap of $33.52 billion, a P/E ratio of 16.28, a PEG ratio of 1.42 and a beta of 1.62. The stock’s 50 day simple moving average is $208.59 and its 200 day simple moving average is $192.24.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $3.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.40 by $0.22. Lam Research had a return on equity of 43.72% and a net margin of 22.70%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the firm earned $5.31 earnings per share. The company’s revenue was down 24.5% on a year-over-year basis. As a group, analysts predict that Lam Research Co. will post 13.6 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Lam Research’s previous quarterly dividend of $1.10. Lam Research’s dividend payout ratio (DPR) is presently 30.24%.

In related news, SVP Sarah A. O’dowd sold 5,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $229.08, for a total value of $1,145,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Seshasayee Varadarajan sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $200.00, for a total value of $4,000,000.00. The disclosure for this sale can be found here. Insiders sold 45,857 shares of company stock worth $9,679,188 in the last 90 days. 0.44% of the stock is owned by company insiders.

LRCX has been the subject of several research reports. Wells Fargo & Co raised their price target on Lam Research from $195.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. KeyCorp raised their price target on Lam Research from $236.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Evercore ISI raised Lam Research from an “in-line” rating to an “outperform” rating in a report on Tuesday, September 3rd. ValuEngine downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub raised Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Lam Research currently has an average rating of “Hold” and an average target price of $221.88.

Lam Research Company 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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