Hosking Partners LLP Acquires 144,231 Shares of Lam Research Co. (NASDAQ:LRCX)

Hosking Partners LLP raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 762.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,136 shares of the semiconductor company's stock after purchasing an additional 144,231 shares during the quarter. Hosking Partners LLP's holdings in Lam Research were worth $11,783,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after buying an additional 15,005,178 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lam Research by 860.4% during the fourth quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock valued at $851,361,000 after buying an additional 10,559,508 shares during the last quarter. National Pension Service purchased a new position in Lam Research during the 4th quarter worth $219,200,000. Swedbank AB grew its position in Lam Research by 1,488.8% in the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company's stock worth $221,674,000 after purchasing an additional 2,875,843 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Lam Research by 827.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company's stock worth $228,285,000 after acquiring an additional 2,819,668 shares during the period. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 6.3 %

Lam Research stock opened at $76.17 on Friday. 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 Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a market capitalization of $97.78 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 1.47 and a beta of 1.46. The firm has a 50 day moving average of $78.84 and a 200 day moving average of $78.10.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LRCX shares. Cantor Fitzgerald restated an "overweight" rating and issued a $100.00 target price on shares of Lam Research in a research note on Tuesday, February 18th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Morgan Stanley raised their price objective on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $98.22.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company's stock.

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.

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