Lam Research Corporation (NASDAQ:LRCX) Stock Holdings Increased by Nwam LLC

Nwam LLC increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 88.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,623 shares of the semiconductor company's stock after purchasing an additional 6,381 shares during the period. Nwam LLC's holdings in Lam Research were worth $990,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Lam Research by 892.7% in the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock valued at $8,724,498,000 after purchasing an additional 108,619,564 shares in the last quarter. FMR LLC increased its holdings in shares of Lam Research by 1,032.6% in the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after purchasing an additional 36,496,689 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Lam Research by 950.5% in the 4th 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. Geode Capital Management LLC increased its holdings in shares of Lam Research by 907.1% in the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after purchasing an additional 28,307,499 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Lam Research in the 4th quarter valued at about $1,661,672,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LRCX shares. UBS Group raised 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. Argus raised shares of Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Mizuho raised their price target on shares of Lam Research from $100.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. The Goldman Sachs Group began coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Lam Research from $82.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.57.

Lam Research Stock Down 4.1%

Shares of NASDAQ LRCX traded down $4.21 during trading on Tuesday, reaching $97.53. 4,020,291 shares of the stock were exchanged, compared to its average volume of 12,253,659. The business's 50-day moving average price is $91.10 and its 200 day moving average price is $80.94. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $102.59. The company has a quick ratio of 1.64, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $124.76 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a net margin of 27.18% and a return on equity of 53.21%. The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $7.79 earnings per share. As a group, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.94%. Lam Research's dividend payout ratio is currently 25.63%.

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.