Lam Research Co. (NASDAQ:LRCX) Position Raised by NZS Capital LLC

NZS Capital LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 896.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 946,373 shares of the semiconductor company’s stock after acquiring an additional 851,424 shares during the period. Lam Research makes up approximately 2.9% of NZS Capital LLC’s portfolio, making the stock its 9th largest holding. NZS Capital LLC’s holdings in Lam Research were worth $68,357,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financial Perspectives Inc raised its stake in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 309 shares during the last quarter. Fairway Wealth LLC grew its position in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in Lam Research during the 4th quarter valued at about $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research during the 4th quarter valued at about $27,000. Finally, Bell Investment Advisors Inc raised its holdings in Lam Research by 836.6% in 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 during the last quarter. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LRCX shares. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday. Stifel Nicolaus cut their target price on Lam Research from $100.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. UBS Group decreased their price target on Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.70.

Lam Research Price Performance

Shares of Lam Research stock opened at $71.42 on Friday. The stock’s fifty day moving average is $73.15 and its 200 day moving average is $75.43. Lam Research Co. has a one year low of $56.32 and a one year 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 stock has a market cap of $91.68 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. 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 disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.29%. Lam Research’s dividend payout ratio (DPR) is presently 25.63%.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction on Thursday, February 20th. The stock was 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 in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

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.