Baker Ellis Asset Management LLC Has $7.03 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Baker Ellis Asset Management LLC lessened its stake in Lam Research Co. (NASDAQ:LRCX) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,853 shares of the semiconductor company’s stock after selling 54 shares during the quarter. Lam Research accounts for about 1.4% of Baker Ellis Asset Management LLC’s holdings, making the stock its 16th biggest position. Baker Ellis Asset Management LLC’s holdings in Lam Research were worth $7,028,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC increased its stake in shares of Lam Research by 39.0% during the 2nd quarter. Gemmer Asset Management LLC now owns 57 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 16 shares during the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of Lam Research by 46.5% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 63 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 20 shares during the last quarter. Field & Main Bank increased its stake in shares of Lam Research by 44.4% during the 3rd quarter. Field & Main Bank now owns 65 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 20 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Lam Research by 54.3% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 71 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new position in shares of Lam Research during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 82.08% of the company’s stock.

In other Lam Research news, CEO Timothy Archer sold 4,691 shares of the firm’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $650.00, for a total value of $3,049,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott Gerald Meikle sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $603.79, for a total transaction of $301,895.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,843 shares of company stock valued at $11,372,523 over the last ninety days. 0.34% of the stock is owned by insiders.

NASDAQ:LRCX opened at $641.98 on Friday. The company has a 50-day moving average of $590.24 and a 200-day moving average of $608.57. The company has a market capitalization of $90.39 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.13 and a beta of 1.20. Lam Research Co. has a 52 week low of $445.60 and a 52 week high of $673.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.43 and a current ratio of 3.27.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Tuesday, October 19th. The semiconductor company reported $8.36 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $0.15. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.32 billion. Lam Research had a net margin of 27.07% and a return on equity of 75.96%. The firm’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period last year, the firm earned $5.67 EPS. Sell-side analysts forecast that Lam Research Co. will post 34.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 5th. Stockholders of record on Wednesday, December 15th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Tuesday, December 14th. Lam Research’s payout ratio is 20.26%.

Several analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $790.00 price objective on shares of Lam Research in a report on Friday, September 10th. Susquehanna Bancshares downgraded shares of Lam Research from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $750.00 to $690.00 in a report on Tuesday, September 14th. BNP Paribas downgraded shares of Lam Research from an “outperform” rating to a “neutral” rating and set a $640.00 price objective for the company. in a report on Tuesday, September 7th. Barclays upped their price objective on shares of Lam Research from $625.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, October 21st. Finally, Exane BNP Paribas downgraded shares of Lam Research from an “outperform” rating to a “neutral” rating and set a $640.00 price objective for the company. in a report on Tuesday, September 7th. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Buy” and a consensus target price of $685.42.

About Lam Research

Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.

Featured Article: Forex

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX).

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

Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.