Bokf Na Buys 63,547 Shares of Lam Research Co. (NASDAQ:LRCX)

Bokf Na raised its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 893.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 70,660 shares of the semiconductor company's stock after purchasing an additional 63,547 shares during the quarter. Bokf Na's holdings in Lam Research were worth $5,275,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LRCX. Vanguard Group Inc. grew its holdings in shares of Lam Research by 892.7% during the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after purchasing an additional 108,619,564 shares in the last quarter. FMR LLC boosted its stake in Lam Research by 1,032.6% during the fourth quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock worth $2,891,453,000 after buying an additional 36,496,689 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after buying an additional 31,255,726 shares during the period. Geode Capital Management LLC raised its stake in shares of Lam Research by 907.1% in the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after buying an additional 28,307,499 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Lam Research during the 4th quarter worth about $1,661,672,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Needham & Company LLC cut their price target on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Cowen decreased their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Mizuho boosted their target price on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Jefferies Financial Group lifted their price target on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Trading Down 1.0 %

LRCX opened at $73.16 on Wednesday. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The company has a market cap of $93.58 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. 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 50 day simple moving average of $71.62 and a 200 day simple moving average of $75.16.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the company earned $7.79 EPS. The firm's revenue was up 24.4% on a year-over-year basis. On average, sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

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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