Robeco Institutional Asset Management B.V. Increases Position in Lam Research Corporation (NASDAQ:LRCX)

Robeco Institutional Asset Management B.V. increased its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 0.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 952,065 shares of the semiconductor company's stock after acquiring an additional 8,825 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Lam Research worth $69,215,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. One Charles Private Wealth Services LLC increased its position in shares of Lam Research by 843.4% during the 4th quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock worth $289,000 after purchasing an additional 3,576 shares during the last quarter. Brighton Jones LLC increased its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Lam Research by 483.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 85,570 shares of the semiconductor company's stock valued at $6,181,000 after acquiring an additional 70,899 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in shares of Lam Research by 960.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 16,833 shares of the semiconductor company's stock valued at $1,220,000 after acquiring an additional 15,246 shares during the period. Finally, Bryn Mawr Capital Management LLC lifted its holdings in shares of Lam Research by 857.5% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 13,347 shares of the semiconductor company's stock worth $964,000 after acquiring an additional 11,953 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the subject of several research reports. Wells Fargo & Company dropped 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 report on Thursday, April 24th. TD Cowen cut their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America lowered their target price on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group boosted their price target on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Finally, Oppenheimer reissued an "outperform" rating and set a $110.00 price target (up previously from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $93.97.

Lam Research Stock Up 0.4%

Shares of NASDAQ LRCX traded up $0.36 during mid-day trading on Friday, reaching $97.20. The company had a trading volume of 10,779,709 shares, compared to its average volume of 12,310,786. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $113.00. The stock has a market cap of $124.33 billion, a P/E ratio of 27.09, a PEG ratio of 1.35 and a beta of 1.65. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The firm has a 50 day simple moving average of $81.92 and a two-hundred day simple moving average of $78.07.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued 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 53.21% and a net margin of 27.18%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the company posted $7.79 earnings per share. The business's quarterly revenue was up 24.4% compared to the same quarter last year. Sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.95%. Lam Research's payout ratio is 25.63%.

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.