Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 195.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 357,013 shares of the semiconductor company’s stock after buying an additional 236,277 shares during the period. Vontobel Holding Ltd.’s holdings in Lam Research were worth $25,787,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LRCX. Atwood & Palmer Inc. acquired a new position in shares of Lam Research in the 4th quarter worth approximately $27,000. West Oak Capital LLC grew its stake in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares during the last quarter. Country Trust Bank grew its stake in shares of Lam Research by 900.0% in the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Finley Financial LLC acquired a new position in shares of Lam Research in the 4th quarter worth approximately $30,000. Finally, Stephens Consulting LLC grew its stake in shares of Lam Research by 900.0% in the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 387 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LRCX. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. Mizuho decreased their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, B. Riley decreased their price objective on shares of 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 assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Stock Down 0.7 %

Lam Research stock opened at $82.75 on Friday. The company has a market capitalization of $106.22 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.37 and a beta of 1.46. The firm’s fifty day simple moving average is $77.35 and its 200-day simple moving average is $77.96. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00.

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, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Sell-side analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Lam Research’s dividend payout ratio is currently 27.95%.

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.