Nvwm LLC Takes Position in Lam Research Co. (NASDAQ:LRCX)

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Nvwm LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 421 shares of the semiconductor company’s stock, valued at approximately $80,000.

Several other large investors also recently bought and sold shares of the company. Commerce Bank grew its holdings in Lam Research by 3.8% in the 2nd quarter. Commerce Bank now owns 7,536 shares of the semiconductor company’s stock worth $1,415,000 after buying an additional 276 shares in the last quarter. Sound View Wealth Advisors Group LLC bought a new position in Lam Research in the 2nd quarter worth approximately $259,000. Capital Advisors Inc. OK bought a new position in Lam Research in the 2nd quarter worth approximately $548,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lam Research by 46.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,925 shares of the semiconductor company’s stock worth $1,301,000 after buying an additional 2,200 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its holdings in Lam Research by 0.9% in the 2nd quarter. Banque Pictet & Cie SA now owns 38,581 shares of the semiconductor company’s stock worth $7,247,000 after buying an additional 336 shares in the last quarter. 87.19% of the stock is owned by institutional investors.

In other news, insider Kevin Jennings sold 1,122 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Abhijit Y. Talwalkar sold 3,987 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $210.00, for a total value of $837,270.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,109 shares of company stock valued at $5,072,969 in the last quarter. Insiders own 0.44% of the company’s stock.

A number of brokerages recently issued reports on LRCX. Goldman Sachs Group lowered Lam Research from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. DA Davidson lowered Lam Research from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $225.00 to $200.00 in a report on Monday, July 8th. Credit Suisse Group reissued a “positive” rating on shares of Lam Research in a report on Monday, July 8th. They noted that the move was a valuation call. ValuEngine downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, KeyCorp upped their target price on Lam Research from $236.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $224.69.

LRCX traded down $2.91 during trading on Tuesday, reaching $198.43. The stock had a trading volume of 78,518 shares, compared to its average volume of 1,747,139. The firm has a market capitalization of $29.10 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.23 and a beta of 1.61. The company has a quick ratio of 2.96, a current ratio of 3.61 and a debt-to-equity ratio of 0.81. Lam Research Co. has a 1-year low of $122.64 and a 1-year high of $218.49. The stock has a 50 day moving average of $200.59 and a two-hundred day moving average of $189.11.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.22. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.37 billion. Lam Research had a return on equity of 43.72% and a net margin of 22.70%. The firm’s revenue for the quarter was down 24.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.31 earnings per share. On average, research analysts forecast that Lam Research Co. will post 13.57 EPS for the current fiscal year.

Lam Research Company Profile

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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