Clarius Group LLC Acquires New Holdings in Lam Research Co. (NASDAQ:LRCX)

Clarius Group LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,834 shares of the semiconductor company's stock, valued at approximately $710,000.

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Lam Research by 1,394.7% in the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares during the last quarter. State Street Corp boosted its stake in Lam Research by 1.6% in the 3rd quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock valued at $4,817,113,000 after purchasing an additional 94,086 shares during the period. Geode Capital Management LLC grew its holdings in Lam Research by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company's stock valued at $2,539,413,000 after buying an additional 64,053 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Lam Research during the 4th quarter worth $175,652,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of Lam Research by 0.6% during the third quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company's stock worth $1,527,273,000 after buying an additional 11,093 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

LRCX has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Mizuho dropped their target price on Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on Lam Research from $83.00 to $82.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average price target of $95.77.

Lam Research Stock Up 1.4 %

Shares of LRCX traded up $1.08 during trading hours on Friday, reaching $80.30. 10,347,143 shares of the stock traded hands, compared to its average volume of 9,876,011. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $74.73 and a 200 day simple moving average of $80.81. The company has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business's revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $6.85 EPS. On average, equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research's dividend payout ratio is currently 29.77%.

Lam Research 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.