Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Capital International Investors

Capital International Investors grew its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 899.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,040 shares of the semiconductor company's stock after purchasing an additional 108,026 shares during the period. Capital International Investors' holdings in Lam Research were worth $8,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Sarl increased its position in Lam Research by 736.9% during the fourth quarter. Capital International Sarl now owns 4,670 shares of the semiconductor company's stock worth $337,000 after purchasing an additional 4,112 shares during the last quarter. Allred Capital Management LLC lifted its holdings in Lam Research by 914.6% in the fourth quarter. Allred Capital Management LLC now owns 5,266 shares of the semiconductor company's stock valued at $380,000 after acquiring an additional 4,747 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new stake in Lam Research during the fourth quarter worth $943,000. Arvest Bank Trust Division lifted its stake in shares of Lam Research by 874.6% in the 4th quarter. Arvest Bank Trust Division now owns 216,228 shares of the semiconductor company's stock valued at $15,618,000 after purchasing an additional 194,042 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Lam Research by 893.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,621,656 shares of the semiconductor company's stock worth $117,132,000 after purchasing an additional 1,458,411 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 0.7 %

Shares of Lam Research stock traded up $0.52 during trading hours on Friday, hitting $71.42. The company had a trading volume of 9,749,642 shares, compared to its average volume of 12,138,062. 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 company's 50-day moving average is $73.15 and its two-hundred day moving average is $75.48. The company has a market cap of $91.68 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00.

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 (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 company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Analyst Ratings Changes

LRCX has been the subject of a number of recent analyst reports. 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 research report on Friday, March 28th. B. Riley restated a "buy" rating on shares of Lam Research in a research note on Thursday. Wells Fargo & Company dropped their price objective on Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday. Needham & Company LLC decreased their target price on Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Mizuho raised their target price on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.70.

Insider Buying and Selling 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 transaction of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly 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 filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is 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.