APG Asset Management N.V. Buys New Stake in Lam Research Co. (NASDAQ:LRCX)

APG Asset Management N.V. bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 781,684 shares of the semiconductor company's stock, valued at approximately $54,525,000. APG Asset Management N.V. owned 0.06% of Lam Research at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC lifted its holdings in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares in the last quarter. Financial Perspectives Inc boosted its holdings in Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the period. Atwood & Palmer Inc. acquired a new position in Lam Research during the 4th quarter worth $27,000. Midwest Capital Advisors LLC purchased a new stake in Lam Research during the 4th quarter worth about $27,000. Finally, Bell Investment Advisors Inc raised its position in Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Stock Up 0.4 %

LRCX stock traded up $0.29 during midday trading on Monday, hitting $67.77. 2,789,439 shares of the company's stock were exchanged, compared to its average volume of 12,117,234. The firm has a 50 day moving average price of $76.49 and a 200-day moving average price of $76.46. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The stock has a market capitalization of $86.99 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.36%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Mizuho increased their price objective on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Jefferies Financial Group increased their target price on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Finally, Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and raised their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus price target of $96.87.

Lam Research Company Profile

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.