Motley Fool Asset Management LLC Has $5.19 Million Stock Holdings in Lam Research Corporation (NASDAQ:LRCX)

Key Points

• Motley Fool Asset Management LLC increased its stake in Lam Research by 16.6%, owning 71,339 shares worth approximately $5.19 million after acquiring an additional 10,140 shares.
• Several institutional investors, including Vanguard Group and Ameriprise Financial, substantially increased their positions, contributing to a total institutional ownership of 84.61% in the company.
• Analysts have varying price targets for Lam Research, with a consensus rating of "Moderate Buy" and an average price target of $107.09, reflecting positive market sentiment towards the company's future performance.

Motley Fool Asset Management LLC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 16.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,339 shares of the semiconductor company's stock after buying an additional 10,140 shares during the quarter. Motley Fool Asset Management LLC's holdings in Lam Research were worth $5,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. Pinnacle Financial Partners Inc bought a new stake in Lam Research in the first quarter worth about $201,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Lam Research in the fourth quarter worth about $6,296,000. China Universal Asset Management Co. Ltd. lifted its stake in Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after buying an additional 39,414 shares during the period. Finally, Global X Japan Co. Ltd. bought a new position in shares of Lam Research in the first quarter worth approximately $3,152,000. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LRCX shares. Raymond James Financial boosted their target price on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. TD Securities reduced their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus boosted their target price on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. UBS Group boosted their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, B. Riley reiterated a "buy" rating and issued a $115.00 price target (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Seven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average target price of $107.09.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $0.63 during midday trading on Thursday, reaching $107.37. 5,798,059 shares of the company traded hands, compared to its average volume of 11,917,086. The firm has a market cap of $135.89 billion, a PE ratio of 25.79, a PEG ratio of 1.36 and a beta of 1.65. The stock's 50-day simple moving average is $96.79 and its 200-day simple moving average is $83.51. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $107.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%. The company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

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.