American Century Companies Inc. Has $94.39 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

American Century Companies Inc. grew its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,093.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,306,829 shares of the semiconductor company's stock after purchasing an additional 1,197,337 shares during the period. American Century Companies Inc. owned about 0.10% of Lam Research worth $94,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Financial Perspectives Inc raised its position in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares in the last quarter. Fairway Wealth LLC increased its stake in shares of 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 purchasing an additional 306 shares during the last quarter. Atwood & Palmer Inc. bought a new position in shares of Lam Research during the 4th quarter valued at $27,000. Midwest Capital Advisors LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at $27,000. Finally, Bell Investment Advisors Inc boosted its holdings in Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 343 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Down 0.4 %

Shares of Lam Research stock traded down $0.32 during trading on Tuesday, reaching $77.67. 6,436,759 shares of the company were exchanged, compared to its average volume of 11,084,305. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The business has a 50-day moving average price of $79.70 and a 200-day moving average price of $77.30. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $99.70 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 1.47 and a beta of 1.53.

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Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Sell-side analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio is currently 27.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LRCX. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. The Goldman Sachs Group lowered their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Wells Fargo & Company boosted their price objective 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 raised their target price on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $98.06.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

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.