243,856 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 243,856 shares of the semiconductor company's stock, valued at approximately $17,614,000.

Several other institutional investors also recently bought and sold shares of the company. Financial Perspectives Inc grew its stake in shares of Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares during the period. Fairway Wealth LLC grew its stake in Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in Lam Research in the 4th quarter valued at about $27,000. West Paces Advisors Inc. acquired a new stake in Lam Research in the 4th quarter valued at about $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Lam Research in the 4th quarter valued at about $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

LRCX traded up $2.88 during trading hours on Tuesday, hitting $83.94. 9,525,842 shares of the stock were exchanged, compared to its average volume of 12,249,832. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The stock has a market cap of $107.37 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The stock has a 50-day simple moving average of $72.98 and a 200-day simple moving average of $75.72.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business posted $7.79 earnings per share. Analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio is currently 25.63%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group reduced their target price on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft set a $70.00 target price on shares of Lam Research and gave the company a "hold" rating in a report on Thursday, April 24th. Morgan Stanley increased their price objective on shares of Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. B. Riley reiterated a "buy" rating on shares of Lam Research in a report on Thursday, April 24th. Finally, TD Cowen cut their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.56.

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.