Fuller & Thaler Asset Management Inc. Grows Position in Lam Research Co. (NASDAQ:LRCX)

Fuller & Thaler Asset Management Inc. lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,361.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,765 shares of the semiconductor company's stock after purchasing an additional 163,735 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Lam Research were worth $12,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co boosted its position in Lam Research by 48.3% during the third 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 acquired a new position in shares of Lam Research during the 3rd quarter worth approximately $18,106,000. Wilmington Savings Fund Society FSB lifted its position in shares of 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 buying an additional 3,607 shares in the last quarter. Tidal Investments LLC grew its stake in Lam Research by 409.6% in the 3rd quarter. Tidal Investments LLC now owns 37,420 shares of the semiconductor company's stock valued at $30,538,000 after acquiring an additional 30,077 shares during the period. Finally, Synovus Financial Corp increased its holdings 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 acquiring an additional 561 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LRCX shares. UBS Group reduced their target price on Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI raised their price objective on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America dropped their target price on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC decreased their price target on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.70.

Lam Research Stock Up 0.7 %

NASDAQ LRCX traded up $0.52 on Friday, hitting $71.42. 9,749,642 shares of the stock were exchanged, compared to its average volume of 12,130,700. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The company has a 50-day moving average price of $73.15 and a 200-day moving average price of $75.38. The company has a market cap of $91.68 billion, a PE ratio of 21.70, a PEG ratio of 1.47 and a beta of 1.52. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly 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. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. Sell-side analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is 25.63%.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

About Lam Research

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.