UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $980.50 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 6,383.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,574,691 shares of the semiconductor company's stock after buying an additional 13,365,317 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.06% of Lam Research worth $980,500,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Financial Perspectives Inc lifted its stake in Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Fairway Wealth LLC boosted its stake in shares of Lam Research by 900.0% during 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 period. Atwood & Palmer Inc. acquired a new position in shares of Lam Research during the 4th quarter worth approximately $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research in the 4th quarter valued at $27,000. Finally, West Paces Advisors Inc. acquired a new stake in Lam Research during the 4th quarter valued at $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LRCX has been the subject of several research reports. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on shares of Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Cantor Fitzgerald restated an "overweight" rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, April 24th. Finally, B. Riley reaffirmed a "buy" rating on shares of Lam Research in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Trading Down 0.7%

LRCX opened at $83.82 on Tuesday. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The firm has a market capitalization of $107.22 billion, a PE ratio of 25.46, a P/E/G ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company's 50-day moving average is $72.50 and its 200 day moving average is $75.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its 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. The company had revenue of $4.72 billion for 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 company earned $7.79 earnings per share. As a group, research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.