ASR Vermogensbeheer N.V. Makes New Investment in Lam Research Corporation (NASDAQ:LRCX)

ASR Vermogensbeheer N.V. bought a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 120,076 shares of the semiconductor company's stock, valued at approximately $8,729,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC raised its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of Lam Research by 371.7% in the fourth quarter. Peapack Gladstone Financial Corp now owns 8,594 shares of the semiconductor company's stock valued at $621,000 after purchasing an additional 6,772 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Lam Research during the fourth quarter worth approximately $108,000. Cerity Partners LLC lifted its holdings in shares of Lam Research by 781.9% during the fourth quarter. Cerity Partners LLC now owns 331,170 shares of the semiconductor company's stock worth $23,920,000 after purchasing an additional 293,619 shares during the period. Finally, Bank of Montreal Can grew its position in Lam Research by 425.1% in the 4th quarter. Bank of Montreal Can now owns 1,333,535 shares of the semiconductor company's stock valued at $96,321,000 after buying an additional 1,079,570 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LRCX shares. Oppenheimer upped their price objective on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley increased their price target on shares of Lam Research from $87.00 to $94.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Evercore ISI raised their price objective on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 price target (up from $90.00) on shares of Lam Research in a report on Tuesday, June 24th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.09.

Lam Research Price Performance

LRCX stock opened at $95.94 on Thursday. The stock's 50 day moving average price is $94.80 and its 200 day moving average price is $82.76. The firm has a market cap of $122.72 billion, a P/E ratio of 23.06, a PEG ratio of 1.27 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $102.59.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%. The business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.0%. Lam Research's payout ratio is 22.12%.

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.

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