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

Brown Brothers Harriman & Co. increased its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 904.3% during the fourth 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 purchasing 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.

A number of other large investors have also recently added to or reduced their stakes in LRCX. Parisi Gray Wealth Management grew its holdings in shares of Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after acquiring an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY purchased a new position in Lam Research in the 4th quarter worth about $815,000. Centerpoint Advisors LLC increased its stake in Lam Research by 900.0% in 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 in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in 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 buying an additional 73,648 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Lam Research by 4,085.9% in the third quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company's stock worth $10,932,000 after buying an additional 13,075 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business'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 transaction, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

LRCX traded down $6.13 on Friday, hitting $59.09. The company had a trading volume of 26,238,929 shares, compared to its average volume of 11,825,234. Lam Research Co. has a 1-year low of $58.01 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company's fifty day moving average price is $78.26 and its 200 day moving average price is $77.07. The stock has a market cap of $75.85 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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 $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio is currently 27.96%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LRCX. Oppenheimer started coverage on shares of Lam Research in a research note on Thursday, March 20th. They issued an "outperform" rating and a $95.00 price objective for the company. Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Mizuho lifted their price target on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Jefferies Financial Group increased 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. Finally, KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.59.

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.