Lam Research Co. (NASDAQ:LRCX) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lowered its position in Lam Research Co. (NASDAQ:LRCX) by 41.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,000 shares of the semiconductor company’s stock after selling 7,145 shares during the quarter. Alberta Investment Management Corp’s holdings in Lam Research were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LRCX. Van ECK Associates Corp increased its stake in shares of Lam Research by 1,394.7% in the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares during the period. Swedbank AB increased its stake in shares of Lam Research by 1,488.8% during the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock valued at $221,674,000 after acquiring an additional 2,875,843 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Lam Research by 827.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock valued at $228,285,000 after acquiring an additional 2,819,668 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Lam Research during the fourth quarter valued at approximately $175,652,000. Finally, Principal Financial Group Inc. increased its stake in shares of Lam Research by 949.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,625,490 shares of the semiconductor company’s stock valued at $189,639,000 after acquiring an additional 2,375,385 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Barclays lowered their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley raised their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Lam Research Trading Down 3.4 %

Lam Research stock opened at $86.02 on Friday. The company has a 50 day moving average price of $78.46 and a 200 day moving average price of $78.04. The firm has a market capitalization of $110.42 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.47 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Research analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is currently 27.96%.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.