Kovitz Investment Group Partners LLC Has $101.02 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Kovitz Investment Group Partners LLC raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 4,519.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,398,515 shares of the semiconductor company's stock after buying an additional 1,368,238 shares during the period. Kovitz Investment Group Partners LLC owned about 0.11% of Lam Research worth $101,015,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Lam Research by 892.7% in the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock valued at $8,724,498,000 after buying an additional 108,619,564 shares during the period. FMR LLC increased its holdings in shares of Lam Research by 1,032.6% in the fourth quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock worth $2,891,453,000 after acquiring an additional 36,496,689 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 worth $2,265,610,000 after purchasing an additional 28,307,499 shares during the period. Norges Bank bought a new position in shares of Lam Research during the 4th quarter valued at about $1,661,672,000. Finally, Fisher Asset Management LLC grew its position in shares of Lam Research by 892.7% in the 4th quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock valued at $1,341,902,000 after purchasing an additional 16,706,708 shares during the period. Institutional investors own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The sale 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.

Lam Research Stock Performance

Shares of LRCX stock traded down $0.85 on Wednesday, hitting $70.05. The company's stock had a trading volume of 3,128,472 shares, compared to its average volume of 12,086,333. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The company has a market capitalization of $89.92 billion, a PE ratio of 21.28, a PEG ratio of 1.47 and a beta of 1.52. The stock's 50 day moving average is $72.46 and its 200-day moving average is $75.27. 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 posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the company earned $7.79 EPS. The company's revenue was up 24.4% on a year-over-year basis. Equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.31%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LRCX. Jefferies Financial Group upped their price target on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. TD Cowen cut their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays decreased their price target on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI boosted their price objective on shares of Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 target price on shares of Lam Research and gave the company a "hold" rating in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.56.

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.