Robeco Institutional Asset Management B.V. Buys 836,044 Shares of Lam Research Co. (NASDAQ:LRCX)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 779.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 943,240 shares of the semiconductor company's stock after buying an additional 836,044 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Lam Research worth $68,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH increased its stake in Lam Research by 2.4% during the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company's stock valued at $1,693,000 after purchasing an additional 49 shares during the last quarter. Quarry LP increased its position in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company's stock valued at $94,000 after acquiring an additional 56 shares during the period. Newbridge Financial Services Group Inc. raised its stake in Lam Research by 20.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 412 shares of the semiconductor company's stock valued at $439,000 after acquiring an additional 70 shares in the last quarter. American National Bank & Trust increased its holdings in shares of Lam Research by 34.0% during the third quarter. American National Bank & Trust now owns 288 shares of the semiconductor company's stock valued at $235,000 after purchasing an additional 73 shares during the period. Finally, Cypress Capital Group grew its position in Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock valued at $2,987,000 after buying an additional 132 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 7.4 %

Shares of NASDAQ LRCX traded up $5.58 during trading hours on Thursday, hitting $80.73. The company had a trading volume of 24,864,255 shares, compared to its average volume of 12,672,383. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The firm's 50 day moving average is $75.72 and its 200-day moving average is $78.93. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The stock has a market capitalization of $103.87 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results 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 return on equity of 50.60% and a net margin of 26.02%. On average, analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is 29.74%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Sanford C. Bernstein raised 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. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday. Finally, KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.72.

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.