Bridgewater Associates LP Has $182.99 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Bridgewater Associates LP raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 817.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,533,399 shares of the semiconductor company's stock after purchasing an additional 2,257,347 shares during the quarter. Lam Research accounts for 0.8% of Bridgewater Associates LP's portfolio, making the stock its 15th largest position. Bridgewater Associates LP owned 0.20% of Lam Research worth $182,987,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LRCX. Parisi Gray Wealth Management boosted its holdings in shares of Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock valued at $603,000 after buying an additional 7,241 shares during the period. Burns J W & Co. Inc. NY bought a new position in Lam Research during the 4th quarter valued at $815,000. Centerpoint Advisors LLC grew its holdings in Lam Research by 900.0% during the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 900 shares during the period. Transform Wealth LLC bought a new stake in shares of Lam Research in the 4th quarter worth approximately $17,269,000. Finally, E. Ohman J or Asset Management AB acquired a new stake in shares of Lam Research during the 4th quarter valued at $4,258,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ:LRCX traded down $1.38 during trading hours on Friday, hitting $63.76. 13,845,188 shares of the company traded hands, compared to its average volume of 12,145,383. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $81.85 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 1.47 and a beta of 1.52. The firm has a 50-day moving average of $74.79 and a 200 day moving average of $75.93. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is currently 27.96%.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value 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 trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Barclays decreased their price objective on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lowered their price target on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $93.87.

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.