39,960 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by APG Asset Management US Inc.

APG Asset Management US Inc. purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,960 shares of the semiconductor company's stock, valued at approximately $2,886,000.

Other institutional investors have also recently made changes to their positions in the company. Zacks Investment Management lifted its stake in shares of Lam Research by 150.7% during the 3rd quarter. Zacks Investment Management now owns 1,336 shares of the semiconductor company's stock worth $1,091,000 after purchasing an additional 803 shares during the last quarter. XTX Topco Ltd grew its position in shares of Lam Research by 111.9% in the 3rd quarter. XTX Topco Ltd now owns 1,388 shares of the semiconductor company's stock worth $1,133,000 after buying an additional 733 shares during the last quarter. Groupama Asset Managment lifted its position in Lam Research by 7.8% during the third quarter. Groupama Asset Managment now owns 24,921 shares of the semiconductor company's stock valued at $203,000 after acquiring an additional 1,810 shares during the last quarter. Savoie Capital LLC boosted its stake in Lam Research by 12.2% in the third quarter. Savoie Capital LLC now owns 8,280 shares of the semiconductor company's stock valued at $6,757,000 after acquiring an additional 900 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 worth $2,539,413,000 after purchasing an additional 64,053 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on LRCX shares. Barclays decreased their price objective on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and boosted their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Jefferies Financial Group raised their price objective on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Wells Fargo & Company raised their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Oppenheimer dropped their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.87.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $1.05 during midday trading on Friday, hitting $67.48. The company's stock had a trading volume of 14,704,156 shares, compared to its average volume of 12,144,348. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The company has a market cap of $86.62 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The business's 50 day simple moving average is $76.49 and its 200 day simple moving average is $76.49.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its 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%. On average, analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's payout ratio is currently 27.96%.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by 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.