Empowered Funds LLC Sells 142 Shares of Lam Research Co. (NASDAQ:LRCX)

Empowered Funds LLC lowered its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,675 shares of the semiconductor company’s stock after selling 142 shares during the period. Empowered Funds LLC’s holdings in Lam Research were worth $11,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. HBK Sorce Advisory LLC boosted its holdings in shares of Lam Research by 79.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 666 shares of the semiconductor company’s stock valued at $647,000 after purchasing an additional 295 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Lam Research by 5.9% during the 1st quarter. Blair William & Co. IL now owns 5,329 shares of the semiconductor company’s stock valued at $5,177,000 after acquiring an additional 297 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Lam Research by 1.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,115 shares of the semiconductor company’s stock valued at $1,083,000 after acquiring an additional 21 shares in the last quarter. Twin Tree Management LP boosted its holdings in shares of Lam Research by 75.3% during the 1st quarter. Twin Tree Management LP now owns 15,914 shares of the semiconductor company’s stock valued at $15,462,000 after acquiring an additional 6,838 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Lam Research by 0.9% during the 1st quarter. Tocqueville Asset Management L.P. now owns 1,897 shares of the semiconductor company’s stock valued at $1,843,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of several recent research reports. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Morgan Stanley lowered their price objective on Lam Research from $81.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Mizuho lowered their price objective on Lam Research from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.03.

Lam Research Stock Performance

Lam Research stock traded down $2.53 during trading on Friday, hitting $72.26. The stock had a trading volume of 888,784 shares, compared to its average volume of 11,202,118. Lam Research Co. has a 1 year low of $68.72 and a 1 year high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $77.37 and its two-hundred day moving average is $88.21. The stock has a market cap of $92.98 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the firm posted $6.85 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, analysts predict that Lam Research Co. will post 3.52 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.27%. Lam Research’s payout ratio is 29.74%.

Insider Buying and Selling at Lam Research

In other news, CAO Christina Correia sold 647 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total value of $528,928.97. Following the transaction, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at approximately $3,488,315.17. This represents a 13.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Lam Research Company Profile

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.