Fuller & Thaler Asset Management Inc. Buys 163,735 Shares of Lam Research Co. (NASDAQ:LRCX)

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,361.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,765 shares of the semiconductor company's stock after acquiring an additional 163,735 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Lam Research were worth $12,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Fairway Wealth LLC boosted its holdings in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the period. Financial Perspectives Inc increased its holdings in 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 purchasing an additional 309 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. Midwest Capital Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth about $27,000. Finally, Bell Investment Advisors Inc grew its holdings 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 worth $28,000 after buying an additional 343 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

LRCX has been the topic of a number of recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 price objective on shares of Lam Research in a report on Thursday, April 24th. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a report on Friday, January 17th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. 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, Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price target for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Seven 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 stock. According to data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Stock Down 1.1 %

Shares of LRCX traded down $0.81 on Wednesday, reaching $70.10. The stock had a trading volume of 2,856,165 shares, compared to its average volume of 12,085,274. The firm has a market capitalization of $89.98 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a 50-day simple moving average of $72.46 and a 200-day simple moving average of $75.27. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results 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. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the business earned $7.79 earnings per share. The business's revenue was up 24.4% on a year-over-year basis. Sell-side analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, March 5th. 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.