Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP raised its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 443.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,307 shares of the semiconductor company's stock after purchasing an additional 121,852 shares during the period. Artemis Investment Management LLP's holdings in Lam Research were worth $10,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Lam Research during the fourth quarter worth approximately $175,652,000. Neville Rodie & Shaw Inc. lifted its position in shares of Lam Research by 886.9% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company's stock worth $25,266,000 after buying an additional 314,349 shares during the last quarter. Czech National Bank boosted its holdings in shares of Lam Research by 950.4% in the 4th quarter. Czech National Bank now owns 278,979 shares of the semiconductor company's stock valued at $20,151,000 after buying an additional 252,420 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Lam Research by 215.4% in the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company's stock valued at $279,018,000 after buying an additional 233,500 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

LRCX stock traded up $1.08 during midday trading on Monday, hitting $80.30. 10,347,143 shares of the stock were exchanged, compared to its average volume of 9,876,011. The stock's 50-day moving average price is $74.73 and its 200-day moving average price is $80.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock 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 Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

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

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research's dividend payout ratio (DPR) is 29.74%.

Analyst Ratings Changes

LRCX has been the subject of several research reports. Morgan Stanley upped their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. The Goldman Sachs Group decreased their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Wells Fargo & Company dropped their price target on Lam Research from $83.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein lowered their target price on Lam Research from $95.00 to $85.00 and set a "market perform" rating on the stock in a research note on Friday, November 29th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average price target of $95.77.

About Lam Research

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.