Siemens Fonds Invest GmbH Raises Position in Lam Research Co. (NASDAQ:LRCX)

Siemens Fonds Invest GmbH lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,240 shares of the semiconductor company's stock after acquiring an additional 57,816 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Lam Research were worth $4,635,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LRCX. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 108,619,564 shares during the period. FMR LLC raised 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 acquiring an additional 36,496,689 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Lam Research by 950.5% during 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 acquiring an additional 31,255,726 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lam Research by 907.1% during 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 acquiring an additional 28,307,499 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Lam Research in the fourth quarter worth approximately $1,661,672,000. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the topic of several research reports. Cantor Fitzgerald restated an "overweight" rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the company a "hold" rating in a research report on Thursday, April 24th. Barclays dropped their target price on 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. Wells Fargo & Company reduced their price target on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group cut their price objective on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Stock Down 4.6%

Shares of LRCX stock traded down $3.84 during midday trading on Friday, reaching $80.32. 19,188,516 shares of the stock were exchanged, compared to its average volume of 12,519,483. The firm has a market cap of $102.74 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company's 50 day moving average is $73.40 and its two-hundred day moving average is $75.89. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm posted $7.79 earnings per share. On average, equities research analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, June 18th. 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.