Mn Services Vermogensbeheer B.V. Cuts Stake in Lam Research Co. (NASDAQ:LRCX)

Mn Services Vermogensbeheer B.V. lessened its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,140 shares of the semiconductor company's stock after selling 34,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Lam Research were worth $35,488,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LRCX. Centerpoint Advisors LLC grew its stake in shares of Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 900 shares in the last quarter. Huntington National Bank grew its position in Lam Research by 944.0% in the 4th quarter. Huntington National Bank now owns 294,762 shares of the semiconductor company's stock worth $21,291,000 after purchasing an additional 266,527 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its stake in Lam Research by 1,401.1% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 70,475 shares of the semiconductor company's stock valued at $5,090,000 after buying an additional 65,780 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Lam Research by 781.9% during the 4th quarter. Cerity Partners LLC now owns 331,170 shares of the semiconductor company's stock worth $23,920,000 after buying an additional 293,619 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Lam Research in the 4th quarter worth approximately $6,296,000. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of NASDAQ LRCX traded down $2.14 during midday trading on Friday, hitting $89.52. 10,977,636 shares of the company's stock were exchanged, compared to its average volume of 12,305,432. The business's fifty day moving average price is $77.13 and its two-hundred day moving average price is $77.01. The company has a market cap of $114.51 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.47 and a beta of 1.65. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00.

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 for the quarter, beating 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 firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter last year, the company posted $7.79 EPS. The business's quarterly revenue was up 24.4% on a year-over-year basis. As a group, research analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is currently 25.63%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Oppenheimer decreased their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Needham & Company LLC decreased their target price on Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Mizuho boosted their price target on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Barclays reduced their price target on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, TD Securities dropped their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Seven investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.87.

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.