During the third quarter, Seizert Capital Partners LLC increased its position in Lam Research Co. (NASDAQ: LRCX), as stated in the most recent 13F filing that the company made with the Securities and Exchange Commission. The institutional investor now has a total of 18,910 shares of stock in the semiconductor company thanks to the fact that during the relevant period, they made an additional purchase of 1,904 shares, bringing their total number of shares to a total of 18,910. The most recent statement submitted to the Securities and Exchange Commission revealed that Seizert Capital Partners LLC held a total of $6,921,000 worth of shares in Lam Research.
In recent months, hedge funds and other institutional investors have seen significant shifts in strategy regarding how they invest in the company. During the third quarter, McIlrath & Eck LLC achieved a 185.2% increase in the proportion of Lam Research stock it owned. As a result of the purchase of an additional fifty shares during the most recent fiscal quarter, McIlrath & Eck LLC now possesses a total of 77 shares of the stock held by the semiconductor company. There is a value of $28,000 associated with these shares. During the third quarter, Norwood Financial Corporation paid approximately $31,000 to acquire an additional stake in Lam Research. This purchase was made. Beacon Capital Management LLC increased its holdings in Lam Research by approximately 32,000 shares during the third quarter and spent approximately $32,000 to do so. Farmers & Merchants Trust Company, which has its headquarters in Chambersburg, Pennsylvania, increased the amount of Lam Research stock owned by 71.7% during the second quarter of the fiscal year. Farmers & Merchants Trust Co. of Chambersburg, Pennsylvania, has 79 semiconductor company shares after purchasing an additional 33 shares during the most recent quarter. The value of their investment in the company is equal to $34,000. During the second quarter, Lam Research received an investment of $34,000 from Stonehage Fleming Financial Services Holdings Ltd. This is the company’s final investment, but it is certainly not its least important one. 81.60 percent of the company’s stock is owned by institutional investors such as hedge funds and other investment vehicles.
Recently, the opinions of several research analysts concerning LRCX stock have been made public.
Lam Research was downgraded by Bank of America from a “buy” rating to a “hold” rating in a research report that was made public on Thursday, October 20th. Additionally, Bank of America reduced its price target for Lam Research from $4600.00 to $405.00. The target price for Lam Research decreased from $450.00 to $300.00 in a report made public by Barclays on October 13th. The company’s stock was also rated “equal weight,” which indicates that the rating is neutral. In a report made available to the public on Tuesday, Mizuho Research upgraded their price target for the company from $400 to $500 and assigned a “buy” rating to the shares of Lam Research. Lam Research was the subject of the first report issued by Stifel Nicolaus in the context of the investment firm’s coverage on Tuesday. T
