GF Fund Management CO. LTD. Has $18.05 Million Stake in Lam Research Corporation (NASDAQ:LRCX)

GF Fund Management CO. LTD. lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,293 shares of the semiconductor company's stock after buying an additional 4,437 shares during the quarter. GF Fund Management CO. LTD.'s holdings in Lam Research were worth $18,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its stake in shares of Lam Research by 29.7% in the first quarter. OneDigital Investment Advisors LLC now owns 13,777 shares of the semiconductor company's stock valued at $1,002,000 after acquiring an additional 3,153 shares in the last quarter. Avantax Planning Partners Inc. boosted its holdings in Lam Research by 5.9% in the 1st quarter. Avantax Planning Partners Inc. now owns 10,412 shares of the semiconductor company's stock valued at $757,000 after purchasing an additional 581 shares during the period. Calamos Advisors LLC boosted its holdings in Lam Research by 0.7% in the 1st quarter. Calamos Advisors LLC now owns 335,424 shares of the semiconductor company's stock valued at $24,385,000 after purchasing an additional 2,457 shares during the period. Sitrin Capital Management LLC grew its position in shares of Lam Research by 0.7% during the 1st quarter. Sitrin Capital Management LLC now owns 81,743 shares of the semiconductor company's stock worth $5,961,000 after purchasing an additional 605 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Lam Research by 2.0% during the first quarter. Checchi Capital Advisers LLC now owns 18,782 shares of the semiconductor company's stock worth $1,365,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Lam Research stock traded down $0.17 during mid-day trading on Friday, reaching $98.66. The company had a trading volume of 5,028,931 shares, compared to its average volume of 12,346,776. The business has a fifty day simple moving average of $85.15 and a 200 day simple moving average of $78.80. The company has a market cap of $126.20 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.39 and a beta of 1.68. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the business posted $7.79 EPS. Lam Research's revenue for the quarter was up 24.4% on a year-over-year basis. On average, equities research analysts predict 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. Investors of record on Wednesday, June 18th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Barclays cut their target price on 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. TD Cowen reduced their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group boosted their price target on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 28th. Finally, TD Securities cut their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $94.20.

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.