Triglav Skladi D.O.O. Invests $1.07 Million in Lam Research Co. (NASDAQ:LRCX)

Triglav Skladi D.O.O. bought a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,750 shares of the semiconductor company's stock, valued at approximately $1,065,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. McLean Asset Management Corp grew its holdings in shares of Lam Research by 6.3% in the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock worth $370,000 after acquiring an additional 302 shares during the last quarter. Fairway Wealth LLC grew its holdings in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 307 shares during the last quarter. Financial Perspectives Inc boosted its position in shares of Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after buying an additional 309 shares during the period. Finally, Bell Investment Advisors Inc boosted its position in shares of Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after buying an additional 343 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LRCX shares. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and raised their target price for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, April 24th. TD Cowen decreased their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. 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. Finally, Oppenheimer decreased their target price 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. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Stock Down 1.8%

Shares of NASDAQ:LRCX traded down $1.50 on Friday, reaching $81.06. The company had a trading volume of 8,275,227 shares, compared to its average volume of 12,240,496. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The stock has a 50-day moving average price of $72.92 and a 200 day moving average price of $75.73. The stock has a market capitalization of $103.69 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.47 and a beta of 1.64. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

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

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a $0.23 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. Lam Research's dividend payout ratio is currently 25.63%.

Lam Research 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.