Deutsche Bank AG Grows Stock Position in Lam Research Co. (NASDAQ:LRCX)

Deutsche Bank AG lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,446.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,121,504 shares of the semiconductor company's stock after acquiring an additional 5,725,777 shares during the quarter. Deutsche Bank AG owned approximately 0.48% of Lam Research worth $442,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LRCX. West Oak Capital LLC lifted its position 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 valued at $29,000 after acquiring an additional 135 shares in the last quarter. Diversified Trust Co boosted 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 purchasing an additional 286 shares during the period. McLean Asset Management Corp boosted its stake in Lam Research by 6.3% in the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 302 shares during the period. Fairway Wealth LLC raised its position in shares of Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after buying an additional 307 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

NASDAQ:LRCX traded up $6.89 during mid-day trading on Monday, hitting $82.25. The company's stock had a trading volume of 17,453,569 shares, compared to its average volume of 12,238,263. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. 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 stock has a market cap of $105.21 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.47 and a beta of 1.64. The business's fifty day moving average is $71.56 and its two-hundred day moving average is $75.19.

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

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. This trade represents a 38.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LRCX shares. Wells Fargo & Company reduced their target price on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus reduced their target price on Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. TD Securities dropped their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Finally, UBS Group dropped their target price on Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven equities research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research 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.