Sava Infond d.o.o. Acquires 11,800 Shares of Lam Research Corporation (NASDAQ:LRCX)

Sava Infond d.o.o. boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,000 shares of the semiconductor company's stock after purchasing an additional 11,800 shares during the quarter. Lam Research comprises approximately 1.0% of Sava Infond d.o.o.'s holdings, making the stock its 21st largest position. Sava Infond d.o.o.'s holdings in Lam Research were worth $5,307,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position 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 worth $8,724,498,000 after acquiring an additional 108,619,564 shares during the period. FMR LLC lifted its position 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 worth $2,891,453,000 after acquiring an additional 36,496,689 shares during the period. Ameriprise Financial Inc. lifted its position 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 worth $2,495,128,000 after acquiring an additional 31,255,726 shares during the period. Geode Capital Management LLC lifted its position 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 worth $2,265,610,000 after acquiring an additional 28,307,499 shares during the period. Finally, Norges Bank bought a new stake in shares of Lam Research in the 4th quarter worth approximately $1,661,672,000. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on LRCX shares. B. Riley reiterated a "buy" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Jefferies Financial Group raised their price objective on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Needham & Company LLC reduced their price objective 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. Morgan Stanley increased their target price on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 target price on Lam Research and gave the stock a "hold" rating in a report on Thursday, April 24th. Seven investment 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 MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.78.

Lam Research Trading Up 1.2%

LRCX stock opened at $91.61 on Tuesday. The business has a fifty day moving average price of $80.10 and a 200 day moving average price of $77.69. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The stock has a market capitalization of $117.18 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.27 and a beta of 1.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64.

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

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.00%. Lam Research's dividend payout ratio (DPR) is currently 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.

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