Achmea Investment Management B.V. Trims Position in Lam Research Co. (LRCX)

Achmea Investment Management B.V. reduced its position in Lam Research Co. (NASDAQ:LRCX) by 23.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 44,803 shares of the semiconductor company’s stock after selling 13,599 shares during the quarter. Achmea Investment Management B.V.’s holdings in Lam Research were worth $6,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Independent Advisor Alliance lifted its holdings in shares of Lam Research by 21.0% during the second quarter. Independent Advisor Alliance now owns 1,574 shares of the semiconductor company’s stock valued at $244,000 after acquiring an additional 273 shares during the period. BerganKDV Wealth Management LLC lifted its holdings in shares of Lam Research by 7.0% during the second quarter. BerganKDV Wealth Management LLC now owns 4,458 shares of the semiconductor company’s stock valued at $770,000 after acquiring an additional 292 shares during the period. HGK Asset Management Inc. lifted its holdings in shares of Lam Research by 8.9% during the second quarter. HGK Asset Management Inc. now owns 3,686 shares of the semiconductor company’s stock valued at $637,000 after acquiring an additional 300 shares during the period. Bollard Group LLC lifted its holdings in shares of Lam Research by 43.0% during the second quarter. Bollard Group LLC now owns 1,005 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 302 shares during the period. Finally, Stephens Inc. AR lifted its holdings in shares of Lam Research by 5.6% during the second quarter. Stephens Inc. AR now owns 5,669 shares of the semiconductor company’s stock valued at $980,000 after acquiring an additional 303 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:LRCX opened at $151.68 on Friday. Lam Research Co. has a twelve month low of $133.42 and a twelve month high of $234.88. The firm has a market capitalization of $23.60 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.66 and a quick ratio of 2.00.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Tuesday, October 16th. The semiconductor company reported $3.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.22 by $0.14. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research had a return on equity of 49.80% and a net margin of 21.26%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $3.46 earnings per share. Equities analysts anticipate that Lam Research Co. will post 14.37 earnings per share for the current year.

A number of research analysts have issued reports on the company. B. Riley cut Lam Research from a “buy” rating to a “neutral” rating and cut their price objective for the company from $225.00 to $160.00 in a report on Monday, October 29th. Zacks Investment Research raised Lam Research from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen cut their price objective on Lam Research from $250.00 to $210.00 and set an “outperform” rating for the company in a report on Wednesday, October 17th. Citigroup cut their price objective on Lam Research from $239.00 to $216.00 and set a “buy” rating for the company in a report on Monday, July 30th. Finally, Susquehanna Bancshares reissued a “neutral” rating and set a $165.00 price objective (down from $225.00) on shares of Lam Research in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $224.22.

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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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