Emerald Advisers LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) in the 2nd quarter, HoldingsChannel reports. The firm purchased 3,155 shares of the semiconductor company’s stock, valued at approximately $593,000.

Several other institutional investors have also made changes to their positions in LRCX. Global Retirement Partners LLC increased its stake in shares of Lam Research by 119.4% in the 1st quarter. Global Retirement Partners LLC now owns 147 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 80 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in Lam Research in the 1st quarter worth about $28,000. Hexavest Inc. acquired a new stake in Lam Research in the 2nd quarter worth about $28,000. Strategy Asset Managers LLC acquired a new stake in Lam Research in the 1st quarter worth about $33,000. Finally, Stevens First Principles Investment Advisors acquired a new stake in Lam Research in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

In other news, insider Kevin Jennings sold 1,122 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $210.07, for a total transaction of $235,698.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Seshasayee Varadarajan sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $200.00, for a total value of $4,000,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,109 shares of company stock worth $5,072,969. Insiders own 0.44% of the company’s stock.

Several equities research analysts recently issued reports on LRCX shares. Cowen reiterated an “outperform” rating and issued a $235.00 price objective (up from $223.00) on shares of Lam Research in a report on Thursday, April 25th. DA Davidson cut Lam Research from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $225.00 to $200.00 in a report on Monday, July 8th. Goldman Sachs Group cut Lam Research from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. BidaskClub upgraded Lam Research from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, KeyCorp lifted their price objective on Lam Research from $236.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Lam Research presently has an average rating of “Hold” and a consensus target price of $224.69.

Shares of Lam Research stock opened at $198.61 on Thursday. The firm has a market cap of $29.78 billion, a PE ratio of 13.65, a P/E/G ratio of 1.21 and a beta of 1.61. The business’s 50 day moving average is $196.16. Lam Research Co. has a 1-year low of $122.64 and a 1-year high of $218.49. The company has a current ratio of 3.61, a quick ratio of 2.96 and a debt-to-equity ratio of 0.82.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $3.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.40 by $0.22. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Lam Research had a return on equity of 43.82% and a net margin of 22.70%. The business’s revenue for the quarter was down 24.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.31 EPS. As a group, research analysts forecast that Lam Research Co. will post 13.57 earnings per share for the current fiscal year.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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

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