Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 985.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 605,369 shares of the semiconductor company's stock after acquiring an additional 549,593 shares during the period. Handelsbanken Fonder AB's holdings in Lam Research were worth $43,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Perspectives Inc raised its stake in shares of Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $27,000. West Oak Capital LLC raised its stake in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Country Trust Bank raised its stake in shares of Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 360 shares in the last quarter. Finally, Finley Financial LLC bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $30,000. Institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research analyst reports. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Barclays cut their price objective on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, Mizuho lifted their price objective on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $98.22.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $3.00 on Friday, hitting $86.02. 12,857,061 shares of the company were exchanged, compared to its average volume of 12,447,650. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The stock's 50 day moving average price is $78.27 and its 200 day moving average price is $77.97. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $110.42 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.07%. Lam Research's dividend payout ratio is presently 27.95%.

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.