Tokio Marine Asset Management Co. Ltd. Purchases 135,814 Shares of Lam Research Co. (NASDAQ:LRCX)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 3,725.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 139,460 shares of the semiconductor company's stock after acquiring an additional 135,814 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Lam Research were worth $10,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LRCX. Symphony Financial Ltd. Co. lifted its position in shares of Lam Research by 698.7% in the fourth quarter. Symphony Financial Ltd. Co. now owns 2,995 shares of the semiconductor company's stock worth $216,000 after buying an additional 2,620 shares during the last quarter. Abundance Wealth Counselors lifted its stake in shares of Lam Research by 937.6% during the fourth quarter. Abundance Wealth Counselors now owns 11,974 shares of the semiconductor company's stock valued at $865,000 after acquiring an additional 10,820 shares during the period. Evermay Wealth Management LLC increased its holdings in shares of Lam Research by 900.0% in the fourth quarter. Evermay Wealth Management LLC now owns 2,340 shares of the semiconductor company's stock worth $169,000 after acquiring an additional 2,106 shares in the last quarter. KG&L Capital Management LLC lifted its position in Lam Research by 3,755.1% during the 4th quarter. KG&L Capital Management LLC now owns 37,163 shares of the semiconductor company's stock worth $2,684,000 after buying an additional 36,199 shares in the last quarter. Finally, Dohj LLC raised its position in Lam Research by 24.3% during the fourth quarter. Dohj LLC now owns 5,874 shares of the semiconductor company's stock worth $424,000 after acquiring an additional 1,147 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LRCX. BNP Paribas upgraded Lam Research to a "hold" rating in a report on Thursday, October 24th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Cantor Fitzgerald raised Lam Research from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $95.00 to $100.00 in a research report on Thursday, January 30th. Stifel Nicolaus reissued a "buy" rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.72.

Lam Research Stock Performance

Shares of LRCX stock traded up $1.45 during trading hours on Wednesday, hitting $81.36. The stock had a trading volume of 4,775,038 shares, compared to its average volume of 12,536,340. The stock's 50 day moving average is $76.32 and its 200 day moving average is $78.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The firm has a market capitalization of $104.44 billion, a PE ratio of 24.73, a PEG ratio of 1.34 and a beta of 1.46. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

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.