Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 1,380,418 Lam Research Co. (NASDAQ:LRCX)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,380,418 shares of the semiconductor company's stock, valued at approximately $99,708,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Lam Research as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McLean Asset Management Corp increased its stake in 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 buying an additional 302 shares during the period. Fairway Wealth LLC grew its stake in 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 in the last quarter. Financial Perspectives Inc increased its position in shares of Lam Research by 908.8% during the fourth 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. Bell Investment Advisors Inc raised its stake in shares of Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 343 shares in the last quarter. Finally, Country Trust Bank raised its stake in shares of Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on LRCX. Barclays reduced their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Argus upgraded 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 price objective for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Evercore ISI increased their target price on shares of Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Morgan Stanley boosted their price target on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $3.84 on Friday, hitting $80.32. 19,188,650 shares of the company were exchanged, compared to its average volume of 12,280,115. The firm has a market capitalization of $102.74 billion, a P/E 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. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The stock's 50 day moving average price is $73.45 and its 200 day moving average price is $75.92.

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

Lam Research Announces Dividend

The firm 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 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 dividend payout ratio is presently 25.63%.

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.