Commerce Bank Has $1.06 Million Holdings in Lam Research Co. (LRCX)

Commerce Bank raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 9.2% during the third quarter, Holdings Channel reports. The institutional investor owned 6,980 shares of the semiconductor company’s stock after buying an additional 587 shares during the period. Commerce Bank’s holdings in Lam Research were worth $1,059,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Lam Research by 0.9% during the second quarter. BlackRock Inc. now owns 11,252,078 shares of the semiconductor company’s stock worth $1,944,921,000 after purchasing an additional 102,790 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Lam Research by 4.4% during the second quarter. Janus Henderson Group PLC now owns 5,503,855 shares of the semiconductor company’s stock worth $951,341,000 after purchasing an additional 231,609 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Lam Research by 7.9% during the second quarter. LSV Asset Management now owns 2,641,374 shares of the semiconductor company’s stock worth $456,561,000 after purchasing an additional 193,629 shares during the last quarter. FMR LLC boosted its holdings in shares of Lam Research by 92.5% during the second quarter. FMR LLC now owns 2,329,989 shares of the semiconductor company’s stock worth $402,737,000 after purchasing an additional 1,119,488 shares during the last quarter. Finally, Swedbank boosted its holdings in shares of Lam Research by 8.3% during the third quarter. Swedbank now owns 1,944,630 shares of the semiconductor company’s stock worth $295,000,000 after purchasing an additional 149,147 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Shares of LRCX opened at $147.85 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 2.66. The firm has a market capitalization of $23.54 billion, a P/E ratio of 8.27, a PEG ratio of 0.88 and a beta of 1.30. Lam Research Co. has a twelve month low of $133.42 and a twelve month high of $234.88.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Tuesday, October 16th. The semiconductor company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.14. The business had revenue of $2.33 billion for 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 business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $3.46 EPS. Equities research analysts expect that Lam Research Co. will post 14.37 EPS for the current year.

Several equities research analysts have recently issued reports on LRCX shares. Evercore ISI decreased their price objective on Lam Research to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, July 17th. BidaskClub upgraded Lam Research from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded Lam Research from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. DA Davidson restated a “buy” rating on shares of Lam Research in a report on Monday, July 23rd. Finally, Cowen decreased their price objective on Lam Research from $285.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Lam Research currently has an average rating of “Buy” and an average target price of $224.22.

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Lam Research 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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