Unigestion Holding SA Takes $3.56 Million Position in Lam Research Co. (NASDAQ:LRCX)

Unigestion Holding SA acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 48,928 shares of the semiconductor company's stock, valued at approximately $3,557,000.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Legacy Wealth Asset Management LLC lifted its position in shares of Lam Research by 1.9% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 13,243 shares of the semiconductor company's stock worth $963,000 after purchasing an additional 248 shares during the period. Paladin Wealth LLC raised its stake in Lam Research by 4.0% in the first quarter. Paladin Wealth LLC now owns 7,489 shares of the semiconductor company's stock worth $544,000 after buying an additional 289 shares in the last quarter. Fairway Wealth LLC lifted its holdings in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares during the period. Financial Perspectives Inc grew its holdings in shares of Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares during the period. Finally, Bell Investment Advisors Inc grew its holdings in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 343 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded up $0.14 during trading on Thursday, reaching $84.91. 10,894,170 shares of the company traded hands, compared to its average volume of 12,258,987. The firm has a 50 day simple moving average of $74.00 and a 200-day simple moving average of $76.14. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. The stock has a market capitalization of $108.61 billion, a PE ratio of 25.79, 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 issued its quarterly earnings data 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 net margin of 26.49% and a return on equity of 51.86%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the firm earned $7.79 earnings per share. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. Equities research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed 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. This represents a $0.92 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is currently 25.63%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LRCX shares. Argus raised Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and upped their target price for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. B. Riley reissued a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Mizuho boosted their price objective on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Oppenheimer cut their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $91.56.

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.