Lam Research Corporation (NASDAQ:LRCX) Shares Acquired by Clarius Group LLC

Clarius Group LLC boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 32.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,053 shares of the semiconductor company's stock after acquiring an additional 3,219 shares during the quarter. Clarius Group LLC's holdings in Lam Research were worth $949,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group upped their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a "hold" rating in a report on Thursday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday, April 24th. Finally, Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and raised their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.78.

Lam Research Stock Performance

Shares of LRCX stock traded down $2.50 during mid-day trading on Friday, reaching $89.75. The stock had a trading volume of 7,604,533 shares, compared to its average volume of 12,276,849. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $113.00. The firm has a market cap of $114.79 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.30 and a beta of 1.65. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The business's fifty day moving average is $79.16 and its 200-day moving average is $77.49.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued 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 53.21% and a net margin of 27.18%. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the firm earned $7.79 earnings per share. Lam Research's revenue for the quarter was up 24.4% on a year-over-year basis. On average, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.03%. Lam Research's payout ratio is currently 25.63%.

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.