Invesco Ltd. Boosts Holdings in Lam Research Co. (NASDAQ:LRCX)

Invesco Ltd. boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 909.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,858,135 shares of the semiconductor company's stock after purchasing an additional 15,188,173 shares during the quarter. Invesco Ltd. owned approximately 1.31% of Lam Research worth $1,217,663,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LRCX. West Oak Capital LLC increased its position in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 135 shares during the last quarter. Diversified Trust Co grew its position in shares of Lam Research by 8.3% in the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock valued at $270,000 after buying an additional 286 shares during the last quarter. McLean Asset Management Corp lifted its position in Lam Research by 6.3% in the fourth quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after acquiring an additional 302 shares during the last quarter. Fairway Wealth LLC boosted its stake in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 307 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

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Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were 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 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 SEC, which is available at the SEC website. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research reports. Cantor Fitzgerald restated an "overweight" rating and set a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. Barclays lowered their target price on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Oppenheimer decreased their target price on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday. Wells Fargo & Company upped their price objective on Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $96.87.

Lam Research Price Performance

Lam Research stock traded up $1.05 during trading hours on Friday, hitting $67.48. The stock had a trading volume of 14,704,156 shares, compared to its average volume of 12,144,348. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The stock has a market capitalization of $86.62 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.47 and a beta of 1.52. The stock's fifty day moving average is $76.49 and its two-hundred day moving average is $76.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, analysts predict that Lam Research Co. will post 3.71 earnings per share 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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, March 5th. Lam Research's payout ratio is currently 27.96%.

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.