Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Nikulski Financial Inc.

Nikulski Financial Inc. boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 8.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,148 shares of the semiconductor company’s stock after purchasing an additional 404 shares during the quarter. Lam Research makes up approximately 1.3% of Nikulski Financial Inc.’s holdings, making the stock its 22nd largest position. Nikulski Financial Inc.’s holdings in Lam Research were worth $4,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Lam Research during the second quarter worth about $32,000. RFP Financial Group LLC lifted its stake in Lam Research by 52.2% in the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 12 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Lam Research in the second quarter valued at approximately $40,000. Country Trust Bank purchased a new position in shares of Lam Research during the second quarter worth approximately $43,000. Finally, MFA Wealth Advisors LLC purchased a new stake in Lam Research in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Christina Correia sold 647 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at approximately $3,488,315.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by insiders.

Lam Research Trading Down 1.3 %

Shares of LRCX stock traded down $1.00 during trading hours on Thursday, hitting $75.45. 679,850 shares of the company were exchanged, compared to its average volume of 11,240,975. The company has a quick ratio of 2.00, a current ratio of 2.97 and a debt-to-equity ratio of 0.52. The firm has a market cap of $9.86 billion, a PE ratio of 2.81, a PEG ratio of 1.89 and a beta of 1.47. Lam Research Co. has a 1 year low of $57.44 and a 1 year high of $113.00. The firm has a fifty day moving average of $78.59 and a 200 day moving average of $89.23.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the company earned $6.85 EPS. The company’s revenue was up 19.7% on a year-over-year basis. Analysts expect that Lam Research Co. will post 3.23 earnings per share for the current year.

Lam Research Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, September 17th. Lam Research’s dividend payout ratio (DPR) is presently 3.38%.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. TD Cowen lifted their price objective on shares of Lam Research from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Lam Research from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price objective (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.03.

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.