Boston Partners Has $1.79 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Boston Partners reduced its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 68.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,321 shares of the semiconductor company’s stock after selling 51,679 shares during the quarter. Boston Partners’ holdings in Lam Research were worth $1,793,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LRCX. Insight Wealth Partners LLC acquired a new stake in Lam Research during the third quarter worth about $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research during the 3rd quarter worth approximately $204,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Lam Research during the 3rd quarter worth approximately $220,000. Concorde Asset Management LLC bought a new position in Lam Research in the third quarter valued at approximately $242,000. Finally, Virtus Investment Advisers Inc. acquired a new position in Lam Research during the third quarter valued at approximately $245,000. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction dated 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 represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Lam Research Stock Down 2.2 %

Lam Research stock opened at $75.84 on Friday. The firm has a 50 day moving average price of $79.62 and a two-hundred day moving average price of $77.32. 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 Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market cap of $97.35 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.47 and a beta of 1.53.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. Lam Research’s payout ratio is currently 27.96%.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research analyst reports. Mizuho raised their target price on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Friday, January 17th. Finally, Oppenheimer began coverage on shares of Lam Research in a research note on Thursday. They issued an “outperform” rating and a $95.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $98.06.

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.