Lam Research Co. (NASDAQ:LRCX) Stock Position Raised by Czech National Bank

Czech National Bank raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,837 shares of the semiconductor company's stock after acquiring an additional 15,858 shares during the quarter. Czech National Bank's holdings in Lam Research were worth $21,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Wealth Asset Management LLC lifted its stake in shares of Lam Research by 1.9% in the first quarter. Legacy Wealth Asset Management LLC now owns 13,243 shares of the semiconductor company's stock valued at $963,000 after purchasing an additional 248 shares during the period. Fairway Wealth LLC increased its holdings in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares in the last quarter. Financial Perspectives Inc lifted its position 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 valued at $25,000 after acquiring an additional 309 shares during the period. Bell Investment Advisors Inc boosted its stake in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 343 shares in the last quarter. Finally, Avalon Trust Co grew its holdings in shares of Lam Research by 791.3% in the 4th quarter. Avalon Trust Co now owns 410 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 364 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX traded up $1.10 during mid-day trading on Thursday, hitting $85.87. The company's stock had a trading volume of 4,574,882 shares, compared to its average volume of 12,433,328. The stock has a market capitalization of $109.84 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. 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 firm has a 50-day moving average price of $74.00 and a 200 day moving average price of $76.14.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the company earned $7.79 EPS. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, research analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's payout ratio is presently 25.63%.

Analysts Set New Price Targets

LRCX has been the subject of several research reports. TD Securities reduced their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays cut their price target on 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. B. Riley reissued a "buy" rating on shares of Lam Research in a research note on Thursday, April 24th. Cantor Fitzgerald restated an "overweight" rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, April 24th. Finally, Oppenheimer reduced their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

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.