Nvwm LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

Nvwm LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 742.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,174 shares of the semiconductor company’s stock after acquiring an additional 12,491 shares during the period. Nvwm LLC’s holdings in Lam Research were worth $1,024,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares during the last quarter. Swedbank AB raised its position in Lam Research by 1,488.8% during the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock worth $221,674,000 after buying an additional 2,875,843 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Lam Research in the fourth quarter valued at about $175,652,000. KBC Group NV lifted its holdings in shares of Lam Research by 904.7% in the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock valued at $99,031,000 after buying an additional 1,234,595 shares during the period. Finally, abrdn plc grew its stake in shares of Lam Research by 836.1% during the 4th quarter. abrdn plc now owns 1,315,038 shares of the semiconductor company’s stock worth $94,729,000 after purchasing an additional 1,174,563 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $79.91 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a market capitalization of $102.82 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.34 and a beta of 1.46. The business has a 50-day moving average of $76.32 and a 200-day moving average of $78.33.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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, equities analysts anticipate that Lam Research Co. will post 3.69 EPS for the current fiscal year.

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.