Brown Brothers Harriman & Co. Has $678,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Brown Brothers Harriman & Co. lifted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 904.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,380 shares of the semiconductor company's stock after acquiring an additional 8,446 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Lam Research were worth $678,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Parisi Gray Wealth Management raised its stake in shares of Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after buying an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY purchased a new position in shares of Lam Research during the 4th quarter worth approximately $815,000. Centerpoint Advisors LLC raised its position in shares of Lam Research by 900.0% during the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 900 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of Lam Research by 51.9% during the third quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company's stock valued at $175,800,000 after acquiring an additional 73,648 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Lam Research by 4,085.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company's stock valued at $10,932,000 after purchasing an additional 13,075 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

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Lam Research Stock Performance

LRCX traded down $7.66 during trading on Thursday, reaching $66.12. 8,842,733 shares of the company's stock were exchanged, compared to its average volume of 11,702,298. Lam Research Co. has a fifty-two week low of $65.92 and a fifty-two week high of $113.00. The company has a market capitalization of $84.88 billion, a P/E ratio of 20.07, a PEG ratio of 1.47 and a beta of 1.53. 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 business has a 50 day moving average price of $78.99 and a 200 day moving average price of $77.28.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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%. As a group, analysts predict 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. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's payout ratio is 27.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LRCX. KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research report on Friday, January 17th. The Goldman Sachs Group dropped their price objective 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. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price target for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Oppenheimer began coverage on shares of Lam Research in a research note on Thursday, March 20th. They set an "outperform" rating and a $95.00 price objective for the company. Finally, Jefferies Financial Group boosted their price target on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, March 28th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.59.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is 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.