Banco Santander S.A. Has $16.50 Million Holdings in Lam Research Corporation (NASDAQ:LRCX)

Key Points

• Banco Santander S.A. increased its stake in Lam Research Corporation by 29.9%, bringing its total holdings to 226,900 shares valued at approximately $16.5 million.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, surpassing analyst expectations, and achieved revenue growth of 33.6% year-over-year.
• The company recently announced a quarterly dividend of $0.23 per share, representing a yield of 1.0% and a payout ratio of 22.12%.

Banco Santander S.A. lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 29.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,900 shares of the semiconductor company's stock after acquiring an additional 52,252 shares during the quarter. Banco Santander S.A.'s holdings in Lam Research were worth $16,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LRCX. FMR LLC increased its holdings in Lam Research by 1,032.6% in the fourth quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after buying an additional 36,496,689 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Lam Research by 950.5% in the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after acquiring an additional 31,255,726 shares in the last quarter. Invesco Ltd. boosted its stake in Lam Research by 909.5% in the fourth quarter. Invesco Ltd. now owns 16,858,135 shares of the semiconductor company's stock valued at $1,217,663,000 after acquiring an additional 15,188,173 shares in the last quarter. Northern Trust Corp boosted its stake in Lam Research by 1,067.0% in the fourth quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock valued at $1,146,235,000 after acquiring an additional 14,509,407 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Lam Research by 6,383.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after acquiring an additional 13,365,317 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ LRCX traded up $1.53 on Friday, hitting $96.37. The stock had a trading volume of 16,599,413 shares, compared to its average volume of 9,955,076. Lam Research Corporation has a one year low of $56.32 and a one year high of $102.59. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The stock has a market cap of $123.27 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.36 and a beta of 1.65. The company's 50-day moving average is $93.96 and its two-hundred day moving average is $82.42.

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

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 1.0%. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research analyst reports. Needham & Company LLC upped their price objective on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research note on Thursday. Mizuho increased their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday. TD Securities decreased their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Bank of America decreased their target price on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $107.09.

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.