Nicolet Advisory Services LLC Grows Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Nicolet Advisory Services LLC boosted its position in Lam Research Co. (NASDAQ:LRCX) by 909.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,514 shares of the semiconductor company’s stock after buying an additional 4,067 shares during the period. Nicolet Advisory Services LLC’s holdings in Lam Research were worth $3,684,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LRCX. Advisors Asset Management Inc. raised its position in Lam Research by 13.9% in the first quarter. Advisors Asset Management Inc. now owns 3,683 shares of the semiconductor company’s stock worth $3,578,000 after acquiring an additional 449 shares in the last quarter. Capital International Investors lifted its position in shares of Lam Research by 116.7% during the 1st quarter. Capital International Investors now owns 10,295 shares of the semiconductor company’s stock valued at $10,002,000 after acquiring an additional 5,544 shares during the period. Gabelli Funds LLC purchased a new stake in shares of Lam Research during the 1st quarter worth approximately $276,000. Lazard Asset Management LLC grew its holdings in shares of Lam Research by 0.4% in the 1st quarter. Lazard Asset Management LLC now owns 29,328 shares of the semiconductor company’s stock worth $28,494,000 after acquiring an additional 130 shares during the period. Finally, BOKF NA increased its stake in Lam Research by 2.7% in the 1st quarter. BOKF NA now owns 8,148 shares of the semiconductor company’s stock valued at $8,000,000 after purchasing an additional 217 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $72.64 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 1-year low of $68.72 and a 1-year high of $113.00. The company has a market capitalization of $93.47 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.16 and a beta of 1.48. The business has a 50-day moving average of $76.93 and a 200-day moving average of $87.35.

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

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup decreased their target price on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research report on Monday, September 16th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Wells Fargo & Company dropped their price target on Lam Research from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. B. Riley cut their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, TD Cowen raised their target price on shares of Lam Research from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $97.97.

Insiders Place Their Bets

In other Lam Research 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 transaction, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This trade represents a 13.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

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.