Capital International Sarl Has $337,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Capital International Sarl raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 736.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,670 shares of the semiconductor company's stock after purchasing an additional 4,112 shares during the quarter. Capital International Sarl's holdings in Lam Research were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LRCX. Allred Capital Management LLC lifted its holdings in Lam Research by 914.6% during the 4th quarter. Allred Capital Management LLC now owns 5,266 shares of the semiconductor company's stock worth $380,000 after buying an additional 4,747 shares in the last quarter. Alpha DNA Investment Management LLC bought a new position in Lam Research during the fourth quarter worth about $943,000. Arvest Bank Trust Division lifted its stake in Lam Research by 874.6% in the fourth quarter. Arvest Bank Trust Division now owns 216,228 shares of the semiconductor company's stock valued at $15,618,000 after buying an additional 194,042 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Lam Research by 893.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,621,656 shares of the semiconductor company's stock valued at $117,132,000 after buying an additional 1,458,411 shares during the period. Finally, First Commonwealth Financial Corp PA increased its position in shares of Lam Research by 969.5% during the fourth quarter. First Commonwealth Financial Corp PA now owns 13,133 shares of the semiconductor company's stock worth $949,000 after acquiring an additional 11,905 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LRCX shares. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and lifted their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. TD Securities reduced their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a report on Friday, January 17th. Finally, Stifel Nicolaus lowered their price target on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.80.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was 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 of the company's stock, valued at $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 available through this link. 0.29% of the stock is owned by company insiders.

Lam Research Stock Performance

NASDAQ:LRCX traded up $4.17 during mid-day trading on Thursday, hitting $70.90. 18,137,285 shares of the stock were exchanged, compared to its average volume of 12,180,589. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm's 50-day simple moving average is $73.69 and its 200 day simple moving average is $75.62. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The stock has a market capitalization of $91.01 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. As a group, equities analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.30%. 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.