Deutsche Bank AG Lowers Position in Lam Research Corporation (NASDAQ:LRCX)

Deutsche Bank AG lowered its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,024,420 shares of the semiconductor company's stock after selling 2,097,084 shares during the period. Deutsche Bank AG owned approximately 0.31% of Lam Research worth $292,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after buying an additional 31,255,726 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Lam Research by 1,067.0% during the 4th quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock valued at $1,146,235,000 after buying an additional 14,509,407 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Lam Research by 6,383.5% during the 4th 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 buying an additional 13,365,317 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $792,161,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 3.3%

NASDAQ LRCX opened at $99.15 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $102.59. The firm has a market capitalization of $126.82 billion, a PE ratio of 23.83, a P/E/G ratio of 1.24 and a beta of 1.65. The stock's 50 day moving average is $95.10 and its 200 day moving average is $82.89.

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, beating the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm's revenue was up 33.6% on a year-over-year basis. Research analysts forecast 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. Investors of record on Wednesday, June 18th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. Lam Research's payout ratio is currently 22.12%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of research reports. UBS Group raised their price objective on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. TD Cowen raised their price objective on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. The Goldman Sachs Group initiated coverage on Lam Research in a report on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective on the stock. Mizuho raised their price objective on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Bank of America decreased their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.09.

Lam Research Company 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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