Sei Investments Co. Acquires 20,588 Shares of Lam Research Corporation (LRCX)

Sei Investments Co. increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 21.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,789 shares of the semiconductor company’s stock after acquiring an additional 20,588 shares during the quarter. Sei Investments Co. owned about 0.07% of Lam Research Corporation worth $21,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Lam Research Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,162,079 shares of the semiconductor company’s stock valued at $2,285,802,000 after purchasing an additional 411,951 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Lam Research Corporation by 23,238.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,742,669 shares of the semiconductor company’s stock valued at $670,756,000 after purchasing an additional 4,722,348 shares during the last quarter. American Century Companies Inc. boosted its holdings in Lam Research Corporation by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 1,950,620 shares of the semiconductor company’s stock valued at $275,876,000 after purchasing an additional 141,444 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Lam Research Corporation by 13,054.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,890,919 shares of the semiconductor company’s stock valued at $13,370,000 after purchasing an additional 1,876,544 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Lam Research Corporation by 9.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 977,791 shares of the semiconductor company’s stock valued at $138,289,000 after purchasing an additional 84,912 shares during the last quarter. Hedge funds and other institutional investors own 93.05% of the company’s stock.

Several equities analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of Lam Research Corporation from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Berenberg Bank reiterated a “buy” rating and issued a $240.00 target price on shares of Lam Research Corporation in a report on Thursday, October 19th. Argus boosted their target price on shares of Lam Research Corporation from $196.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 19th. DA Davidson reiterated a “buy” rating on shares of Lam Research Corporation in a report on Wednesday, October 18th. Finally, Stifel Nicolaus boosted their price target on shares of Lam Research Corporation from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $209.32.

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In related news, COO Timothy Archer sold 15,638 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $175.65, for a total transaction of $2,746,814.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen G. Newberry sold 750 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $170.00, for a total transaction of $127,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,419 shares of company stock valued at $7,167,497. Company insiders own 0.41% of the company’s stock.

Lam Research Corporation (NASDAQ LRCX) opened at $209.23 on Tuesday. Lam Research Corporation has a twelve month low of $97.51 and a twelve month high of $211.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.31 and a quick ratio of 2.83. The stock has a market cap of $33,586.02, a price-to-earnings ratio of 17.86, a PEG ratio of 0.97 and a beta of 1.63.

Lam Research Corporation (NASDAQ:LRCX) last issued its earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.19. Lam Research Corporation had a net margin of 22.85% and a return on equity of 30.19%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the business posted $1.81 EPS. The company’s revenue for the quarter was up 51.8% on a year-over-year basis. sell-side analysts expect that Lam Research Corporation will post 14.45 earnings per share for the current year.

Lam Research Corporation Company Profile

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.

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

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