Capital International Investors Grows Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Capital International Investors lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 899.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,040 shares of the semiconductor company's stock after purchasing an additional 108,026 shares during the quarter. Capital International Investors' holdings in Lam Research were worth $8,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Perspectives Inc lifted its holdings in shares of Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares during the last quarter. Fairway Wealth LLC boosted its stake in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Lam Research during the fourth quarter worth approximately $27,000. Midwest Capital Advisors LLC bought a new stake in shares of Lam Research in the 4th quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a research note on Friday, January 17th. Wells Fargo & Company dropped their price objective on Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday. Cantor Fitzgerald reissued an "overweight" rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday. Needham & Company LLC lowered their price objective on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Finally, TD Securities dropped their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $92.80.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 approximately $16,117,560. The trade was 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 accessible through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Stock Performance

NASDAQ LRCX traded up $0.48 during trading hours on Friday, hitting $71.38. The company's stock had a trading volume of 9,732,934 shares, compared to its average volume of 12,141,827. The company's 50 day simple moving average is $73.45 and its two-hundred day simple moving average is $75.55. 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 has a market cap of $91.63 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, sell-side analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio is presently 27.96%.

Lam Research 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.