Lam Research Co. (NASDAQ:LRCX) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 934.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,671,386 shares of the semiconductor company's stock after purchasing an additional 6,026,403 shares during the period. Dimensional Fund Advisors LP owned approximately 0.52% of Lam Research worth $481,871,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LRCX. Pine Valley Investments Ltd Liability Co lifted its position in Lam Research by 48.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 11,464 shares of the semiconductor company's stock worth $9,364,000 after acquiring an additional 3,732 shares in the last quarter. Arvest Bank Trust Division purchased a new position in shares of Lam Research in the third quarter valued at $18,106,000. Wilmington Savings Fund Society FSB grew its holdings in Lam Research by 383.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,547 shares of the semiconductor company's stock valued at $3,711,000 after purchasing an additional 3,607 shares in the last quarter. Tidal Investments LLC increased its stake in Lam Research by 409.6% during the 3rd quarter. Tidal Investments LLC now owns 37,420 shares of the semiconductor company's stock worth $30,538,000 after buying an additional 30,077 shares during the period. Finally, Synovus Financial Corp boosted its position in Lam Research by 22.4% in the 3rd quarter. Synovus Financial Corp now owns 3,071 shares of the semiconductor company's stock valued at $2,508,000 after buying an additional 561 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target 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 on the stock in a report on Thursday. Mizuho increased their target price on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. UBS Group dropped their price target on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley upped their price target on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $92.80.

Lam Research Stock Performance

NASDAQ:LRCX traded up $4.17 during midday trading on Thursday, reaching $70.90. 18,139,554 shares of the company traded hands, compared to its average volume of 12,180,593. Lam Research Co. has a twelve month low of $56.32 and a twelve month 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 has a fifty day moving average price of $73.69 and a 200 day moving average price of $75.62. The firm 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 released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. On average, 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 issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.30%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's 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 of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

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.