Universal Beteiligungs und Servicegesellschaft mbH Has $125.88 Million Stock Position in Lam Research Corporation (NASDAQ:LRCX)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,731,497 shares of the semiconductor company's stock after purchasing an additional 351,079 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Lam Research worth $125,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 purchasing an additional 36,496,689 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Lam Research by 950.5% in the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after buying an additional 31,255,726 shares in the last quarter. Geode Capital Management LLC raised its stake in Lam Research by 907.1% during the fourth quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after purchasing an additional 28,307,499 shares in the last quarter. Norges Bank bought a new position in shares of Lam Research in the fourth quarter worth about $1,661,672,000. Finally, Invesco Ltd. raised its position in shares of Lam Research by 909.5% in the 4th quarter. Invesco Ltd. now owns 16,858,135 shares of the semiconductor company's stock valued at $1,217,663,000 after purchasing an additional 15,188,173 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Securities cut their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Evercore ISI upped their price objective on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Oppenheimer restated an "outperform" rating and set a $110.00 price target (up from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Jefferies Financial Group boosted their price objective on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $100.57.

Lam Research Stock Performance

Shares of LRCX stock traded down $3.06 during trading on Tuesday, hitting $98.68. The company's stock had a trading volume of 3,121,157 shares, compared to its average volume of 12,246,261. The business has a fifty day moving average of $91.10 and a 200-day moving average of $80.94. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $102.59. The company has a market cap of $126.22 billion, a PE ratio of 27.52, a P/E/G ratio of 1.42 and a beta of 1.68. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. Lam Research's dividend payout ratio (DPR) is presently 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.

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