NZS Capital LLC Increases Stake in Lam Research Co. (NASDAQ:LRCX)

NZS Capital LLC increased its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 896.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 946,373 shares of the semiconductor company's stock after acquiring an additional 851,424 shares during the quarter. Lam Research comprises about 2.9% of NZS Capital LLC's holdings, making the stock its 9th biggest holding. NZS Capital LLC owned 0.07% of Lam Research worth $68,357,000 at the end of the most recent reporting period.

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

Lam Research Stock Up 0.7 %

NASDAQ LRCX opened at $71.42 on Friday. 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 $91.68 billion, a PE ratio of 21.70, a PEG ratio of 1.47 and a beta of 1.52. 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 business's 50-day moving average is $73.15 and its 200 day moving average is $75.43.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Sell-side analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed 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 yield of 1.29%. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent analyst reports. TD Cowen lowered their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday. Bank of America dropped their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Mizuho raised their price target on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. B. Riley reiterated a "buy" rating on shares of Lam Research in a report on Thursday. Finally, Morgan Stanley raised their price objective on Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.70.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

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.

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