B. Metzler seel. Sohn & Co. AG Has $9.88 Million Position in Lam Research Co. (NASDAQ:LRCX)

B. Metzler seel. Sohn & Co. AG raised its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 877.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 136,769 shares of the semiconductor company's stock after buying an additional 122,771 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Lam Research were worth $9,878,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Lam Research by 892.7% in the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after acquiring an additional 108,619,564 shares in the last quarter. Norges Bank acquired a new position in Lam Research during the fourth quarter worth $1,661,672,000. Fisher Asset Management LLC raised its holdings in Lam Research by 892.7% during the fourth quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock valued at $1,341,902,000 after buying an additional 16,706,708 shares in the last quarter. Amundi lifted its position in shares of Lam Research by 7,601.9% in the fourth quarter. Amundi now owns 12,945,172 shares of the semiconductor company's stock worth $990,464,000 after buying an additional 12,777,094 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Lam Research by 860.4% in the fourth quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock worth $851,361,000 after buying an additional 10,559,508 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

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Lam Research Price Performance

Shares of LRCX traded up $0.95 on Wednesday, hitting $73.78. The company's stock had a trading volume of 7,606,426 shares, compared to its average volume of 11,711,904. The company has a 50 day moving average price of $79.18 and a 200 day moving average price of $77.30. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a market capitalization of $94.71 billion, a PE ratio of 22.41, a PEG ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.25%. Lam Research's payout ratio is 27.96%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LRCX shares. Mizuho raised their price objective on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley boosted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Barclays cut their target price 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. Finally, Jefferies Financial Group upped their price target on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $97.59.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.29% of the company's stock.

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.