Asset Management One Co. Ltd. lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 842.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 509,753 shares of the semiconductor company's stock after purchasing an additional 455,673 shares during the period. Asset Management One Co. Ltd.'s holdings in Lam Research were worth $37,416,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the business. Van ECK Associates Corp grew its holdings in shares of Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares during the last quarter. State Street Corp boosted its holdings in Lam Research by 1.6% in the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock valued at $4,817,113,000 after acquiring an additional 94,086 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Lam Research by 827.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company's stock valued at $228,285,000 after acquiring an additional 2,819,668 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lam Research by 2.1% in the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company's stock valued at $2,539,413,000 after acquiring an additional 64,053 shares during the last quarter. Finally, Swedbank AB boosted its holdings in Lam Research by 1,488.8% in the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company's stock valued at $221,674,000 after acquiring an additional 2,875,843 shares during the last quarter. Institutional investors own 84.61% of the company's stock.
Several research firms recently issued reports on LRCX. B. Riley decreased their price target on Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Barclays decreased their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Morgan Stanley increased their target price on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Mizuho cut their target price on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Finally, Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.72.
Get Our Latest Stock Analysis on LRCX
Shares of NASDAQ:LRCX traded down $0.55 during mid-day trading on Friday, reaching $82.75. 9,148,909 shares of the stock were exchanged, compared to its average volume of 12,627,698. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The stock's 50 day simple moving average is $77.48 and its 200-day simple moving average is $77.99. The company has a market cap of $106.22 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.37 and a beta of 1.46.
Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, equities research analysts predict that Lam Research Co. will post 3.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. Lam Research's dividend payout ratio is currently 27.95%.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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