Means Investment CO. Inc. Increases Stake in Lam Research Co. (NASDAQ:LRCX)

Means Investment CO. Inc. increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 888.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,701 shares of the semiconductor company's stock after acquiring an additional 119,270 shares during the period. Lam Research comprises 1.0% of Means Investment CO. Inc.'s holdings, making the stock its 19th largest position. Means Investment CO. Inc.'s holdings in Lam Research were worth $9,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Van ECK Associates Corp raised 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 acquiring an additional 15,005,178 shares during the period. Swedbank AB grew its position in shares of Lam Research by 1,488.8% during the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company's stock worth $221,674,000 after buying an additional 2,875,843 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Lam Research during the 4th quarter worth approximately $175,652,000. KBC Group NV raised its holdings in shares of Lam Research by 904.7% in the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company's stock valued at $99,031,000 after purchasing an additional 1,234,595 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Lam Research by 779.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company's stock worth $68,130,000 after buying an additional 836,044 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

Lam Research stock opened at $81.05 on Monday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The stock has a 50-day simple moving average of $76.05 and a 200 day simple moving average of $78.76. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $104.29 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 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%. On average, research analysts anticipate that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research's dividend payout ratio is 27.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LRCX shares. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday. BNP Paribas raised Lam Research to a "hold" rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $85.00 to $91.00 in a research note on Thursday. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their price objective on Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.72.

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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