GF Fund Management CO. LTD. Makes New $17.61 Million Investment in Lam Research Co. (NASDAQ:LRCX)

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

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC increased its position in shares of 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 purchasing an additional 306 shares during the last quarter. Financial Perspectives Inc grew its position in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares during the last quarter. West Paces Advisors Inc. purchased a new position in shares of Lam Research in the 4th quarter valued at $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $27,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of Lam Research stock traded up $0.82 during trading on Thursday, reaching $84.82. The company's stock had a trading volume of 2,996,501 shares, compared to its average volume of 12,212,221. The stock has a 50-day moving average price of $73.27 and a two-hundred day moving average price of $75.83. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $108.50 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00.

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, topping the consensus estimate of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the firm earned $7.79 EPS. Lam Research's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

Analyst Ratings Changes

A number of analysts recently weighed in on LRCX shares. B. Riley reiterated a "buy" rating on shares of Lam Research in a research note on Thursday, April 24th. Morgan Stanley raised their target price on shares of Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Barclays reduced their target price on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus reduced their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Seven 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.