Lam Research Co. (NASDAQ:LRCX) Stock Position Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 985.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 605,369 shares of the semiconductor company’s stock after acquiring an additional 549,593 shares during the period. Handelsbanken Fonder AB’s holdings in Lam Research were worth $43,726,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mcdaniel Terry & Co. raised its holdings in shares of Lam Research by 896.5% during the fourth quarter. Mcdaniel Terry & Co. now owns 14,190 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,766 shares during the last quarter. Wealth Alliance raised its stake in Lam Research by 874.4% during the 4th quarter. Wealth Alliance now owns 14,012 shares of the semiconductor company’s stock valued at $1,012,000 after acquiring an additional 12,574 shares in the last quarter. Sunpointe LLC boosted its position in Lam Research by 860.0% during the 4th quarter. Sunpointe LLC now owns 9,024 shares of the semiconductor company’s stock worth $654,000 after acquiring an additional 8,084 shares during the period. Ieq Capital LLC grew its stake in shares of Lam Research by 891.3% in the fourth quarter. Ieq Capital LLC now owns 153,188 shares of the semiconductor company’s stock worth $11,065,000 after purchasing an additional 137,735 shares in the last quarter. Finally, SNS Financial Group LLC increased its holdings in shares of Lam Research by 895.2% during the fourth quarter. SNS Financial Group LLC now owns 3,344 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 3,008 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on LRCX shares. Morgan Stanley raised their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday, January 17th. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Barclays dropped their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, B. Riley decreased their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Up 1.2 %

LRCX opened at $87.66 on Thursday. Lam Research Co. has a twelve month low of $68.87 and a twelve 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. The business has a 50 day moving average price of $78.00 and a 200 day moving average price of $77.90. The firm has a market cap of $112.53 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46.

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

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.05%. Lam Research’s payout ratio is presently 27.95%.

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.