Lam Research Corporation (LRCX) Shares Sold by Ken Stern & Associates Inc.

Ken Stern & Associates Inc. reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 49.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,568 shares of the semiconductor company’s stock after selling 2,522 shares during the period. Ken Stern & Associates Inc.’s holdings in Lam Research Corporation were worth $360,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LRCX. Stephens Inc. AR grew its holdings in shares of Lam Research Corporation by 6.8% during the 1st quarter. Stephens Inc. AR now owns 849 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 54 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of Lam Research Corporation during the 2nd quarter valued at $118,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Lam Research Corporation during the 2nd quarter valued at $134,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Lam Research Corporation by 358.3% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,100 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 860 shares in the last quarter. Finally, Financial Architects Inc grew its holdings in shares of Lam Research Corporation by 1,164.8% during the 2nd quarter. Financial Architects Inc now owns 1,366 shares of the semiconductor company’s stock valued at $193,000 after acquiring an additional 1,258 shares in the last quarter. Institutional investors and hedge funds own 94.10% of the company’s stock.

Lam Research Corporation (NASDAQ:LRCX) traded up 0.24% on Friday, reaching $172.99. 2,691,091 shares of the company traded hands. The stock has a 50-day moving average price of $161.26 and a 200-day moving average price of $147.54. Lam Research Corporation has a 52-week low of $90.56 and a 52-week high of $174.37. The firm has a market cap of $28.10 billion, a P/E ratio of 18.72 and a beta of 1.47.

Lam Research Corporation (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.09. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned $1.80 EPS. The business’s revenue was up 51.6% on a year-over-year basis. Analysts anticipate that Lam Research Corporation will post $12.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is 19.57%.

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In other news, COO Timothy Archer sold 6,897 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total value of $1,106,968.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen G. Newberry sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $155.41, for a total transaction of $116,557.50. The disclosure for this sale can be found here. Insiders sold a total of 29,338 shares of company stock valued at $4,717,492 in the last quarter. Corporate insiders own 0.46% of the company’s stock.

LRCX has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $189.00 price target (up from $170.00) on shares of Lam Research Corporation in a report on Monday, June 19th. Needham & Company LLC boosted their price target on shares of Lam Research Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 16th. BidaskClub cut shares of Lam Research Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. UBS AG restated a “buy” rating and set a $190.00 price target on shares of Lam Research Corporation in a report on Tuesday, June 13th. Finally, Bank of America Corporation restated a “buy” rating and set a $195.00 price target (up from $165.00) on shares of Lam Research Corporation in a report on Sunday, June 11th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Lam Research Corporation currently has an average rating of “Buy” and a consensus price target of $177.68.

About Lam Research Corporation

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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Institutional Ownership by Quarter for Lam Research Corporation (NASDAQ:LRCX)

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