LSV Asset Management Has $2.01 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

LSV Asset Management increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,367.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,880 shares of the semiconductor company's stock after purchasing an additional 25,980 shares during the quarter. LSV Asset Management's holdings in Lam Research were worth $2,014,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Lam Research by 892.7% in the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after buying an additional 108,619,564 shares during the last quarter. FMR LLC raised its holdings in shares of Lam Research by 1,032.6% during the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after purchasing an additional 36,496,689 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lam Research by 907.1% in the fourth quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock worth $2,265,610,000 after purchasing an additional 28,307,499 shares in the last quarter. Norges Bank acquired a new position in Lam Research during the fourth quarter worth $1,661,672,000. Finally, Fisher Asset Management LLC raised its holdings in Lam Research by 892.7% during the fourth quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock valued at $1,341,902,000 after buying an additional 16,706,708 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LRCX shares. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a report on Friday, January 17th. Jefferies Financial Group upped their price objective on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and upped their price target for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, Bank of America dropped their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.87.

Lam Research Trading Down 2.1 %

LRCX stock traded down $1.38 during midday trading on Friday, reaching $63.76. The company's stock had a trading volume of 13,845,188 shares, compared to its average volume of 12,194,506. The business's 50-day simple moving average is $75.18 and its 200-day simple moving average is $76.08. The stock has a market cap of $81.85 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. 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 released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.44%. Lam Research's dividend payout ratio (DPR) is currently 27.96%.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value 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. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by company 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.