Lam Research Co. (NASDAQ:LRCX) Holdings Increased by NZS Capital LLC

NZS Capital LLC increased its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 896.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 946,373 shares of the semiconductor company's stock after purchasing an additional 851,424 shares during the quarter. Lam Research makes up approximately 2.9% of NZS Capital LLC's portfolio, making the stock its 9th biggest holding. NZS Capital LLC owned 0.07% of Lam Research worth $68,357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Lam Research by 892.7% during 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 purchasing an additional 108,619,564 shares during the last quarter. 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. Geode Capital Management LLC lifted its position in Lam Research by 907.1% during the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after acquiring an additional 28,307,499 shares during the period. Norges Bank purchased a new position in Lam Research during the 4th quarter valued at about $1,661,672,000. Finally, Fisher Asset Management LLC raised its holdings in Lam Research by 892.7% in the fourth quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock worth $1,341,902,000 after buying an additional 16,706,708 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. TD Securities reduced their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Cowen decreased their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, B. Riley reiterated a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.56.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

Lam Research Stock Up 1.1 %

NASDAQ LRCX traded up $0.77 during trading hours on Wednesday, hitting $71.67. 11,210,488 shares of the company traded hands, compared to its average volume of 12,127,411. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The stock has a market capitalization of $92.00 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.47 and a beta of 1.52. The business'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 issued its quarterly 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. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company posted $7.79 EPS. Sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders 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 yield of 1.28%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio 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.