Lam Research Corporation (NASDAQ:LRCX) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,900,506 shares of the semiconductor company's stock after purchasing an additional 418,077 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.70% of Lam Research worth $647,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Vanguard Group Inc. increased 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 purchasing an additional 8,364,375 shares during the period. Ameriprise Financial Inc. grew its position in Lam Research by 950.5% during the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after purchasing an additional 31,255,726 shares in the last quarter. Northern Trust Corp increased its stake in Lam Research by 1,067.0% in 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Lam Research by 6,383.5% in 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 worth $980,500,000 after buying an additional 13,365,317 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Lam Research in the 4th quarter worth approximately $792,161,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LRCX shares. Deutsche Bank Aktiengesellschaft set a $70.00 price target on shares of Lam Research and gave the stock a "hold" rating in a research note on Thursday, April 24th. Needham & Company LLC upped their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Oppenheimer raised their price target on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Raymond James Financial lifted their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Barclays set a $83.00 price objective on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $107.09.

Lam Research Stock Up 3.3%

Shares of LRCX opened at $99.15 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a 50-day simple moving average of $95.10 and a 200-day simple moving average of $82.89. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $102.59. The firm has a market capitalization of $126.82 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.24 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS 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 firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The company's revenue for the quarter was up 33.6% on a year-over-year basis. On average, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 18th. Lam Research's dividend payout ratio is 22.12%.

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.

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