Kalos Management Inc. Buys 913 Shares of Lam Research Co. (NASDAQ:LRCX)

Kalos Management Inc. boosted its position in Lam Research Co. (NASDAQ:LRCX) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,197 shares of the semiconductor company’s stock after purchasing an additional 913 shares during the period. Kalos Management Inc.’s holdings in Lam Research were worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LRCX. Janus Henderson Group PLC raised its stake in Lam Research by 23,238.8% during 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 period. Old Mutual Global Investors UK Ltd. increased its stake in Lam Research by 1,696.5% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 878,960 shares of the semiconductor company’s stock worth $124,311,000 after acquiring an additional 830,034 shares during the last quarter. Schroder Investment Management Group increased its stake in Lam Research by 3,248.5% in the 3rd quarter. Schroder Investment Management Group now owns 703,625 shares of the semiconductor company’s stock worth $127,933,000 after acquiring an additional 682,612 shares during the last quarter. Nordea Investment Management AB increased its stake in Lam Research by 66.0% in the 3rd quarter. Nordea Investment Management AB now owns 1,575,269 shares of the semiconductor company’s stock worth $291,488,000 after acquiring an additional 626,034 shares during the last quarter. Finally, GQG Partners LLC purchased a new position in shares of Lam Research in the 2nd quarter worth approximately $87,726,000. 93.37% of the stock is currently owned by hedge funds and other institutional investors.

LRCX has been the subject of a number of recent analyst reports. Zacks Investment Research cut Lam Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub cut Lam Research from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $230.00 target price on shares of Lam Research in a report on Wednesday, October 18th. DA Davidson reissued a “buy” rating on shares of Lam Research in a research report on Wednesday, October 18th. Finally, Vetr lowered Lam Research from a “buy” rating to a “hold” rating and set a $196.77 price target for the company. in a research report on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Lam Research has an average rating of “Buy” and an average target price of $212.99.

In other Lam Research news, insider Martin B. Anstice sold 21,955 shares of Lam Research stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $211.16, for a total transaction of $4,636,017.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Patrick J. Lord sold 264 shares of Lam Research stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $216.08, for a total value of $57,045.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,769 shares of company stock valued at $6,904,451. 0.41% of the stock is currently owned by company insiders.

Lam Research Co. (LRCX) traded up $5.21 during mid-day trading on Tuesday, reaching $189.28. The company’s stock had a trading volume of 2,031,600 shares, compared to its average volume of 3,030,000. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.83 and a current ratio of 3.31. The firm has a market capitalization of $30,650.00, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.84 and a beta of 1.57. Lam Research Co. has a one year low of $105.30 and a one year high of $219.70.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 EPS for the quarter, topping the consensus estimate of $3.27 by $0.19. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.46 billion. Lam Research had a return on equity of 30.19% and a net margin of 22.85%. The company’s quarterly revenue was up 51.8% on a year-over-year basis. During the same period last year, the business posted $1.81 earnings per share. analysts predict that Lam Research Co. will post 14.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This is a positive change from Lam Research’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Lam Research’s dividend payout ratio (DPR) is 18.26%.

Lam Research declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 14th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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About Lam Research

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 (NASDAQ:LRCX)

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