Epoch Investment Partners Inc. Has $125.11 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Epoch Investment Partners Inc. increased its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 942.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,732,131 shares of the semiconductor company's stock after purchasing an additional 1,565,947 shares during the period. Epoch Investment Partners Inc. owned 0.13% of Lam Research worth $125,112,000 at the end of the most recent reporting period.

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

Lam Research Stock Performance

LRCX traded up $4.09 on Thursday, hitting $70.82. 11,145,414 shares of the stock traded hands, compared to its average volume of 12,153,789. The business has a fifty day moving average price of $73.69 and a two-hundred day moving average price of $75.62. The firm has a market capitalization of $90.91 billion, a PE ratio of 21.53, a P/E/G ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, research analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio is 27.96%.

Insiders Place Their Bets

In other Lam Research 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 owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of several recent research reports. TD Cowen decreased their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday. Barclays cut their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Jefferies Financial Group lifted their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Morgan Stanley lifted their price target on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Evercore ISI boosted their price target on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.23.

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.