IFM Investors Pty Ltd raised its position in Lam Research Co. (NASDAQ:LRCX) by 17.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,050 shares of the semiconductor company’s stock after purchasing an additional 2,056 shares during the period. IFM Investors Pty Ltd’s holdings in Lam Research were worth $6,635,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the business. Mercer Capital Advisers Inc. purchased a new stake in shares of Lam Research during the 3rd quarter worth about $25,000. Mirova acquired a new position in Lam Research in the third quarter valued at approximately $39,000. Catalyst Private Wealth LLC purchased a new position in Lam Research in the third quarter worth approximately $39,000. Paces Ferry Wealth Advisors LLC acquired a new stake in Lam Research during the third quarter worth $42,000. Finally, Hudock Inc. raised its position in Lam Research by 55.1% in the third quarter. Hudock Inc. now owns 152 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 76.86% of the company’s stock.

A number of analysts recently issued reports on the company. Needham & Company LLC downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, January 8th. They noted that the move was a valuation call. ValuEngine raised shares of Lam Research from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. UBS Group boosted their price target on shares of Lam Research from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. KeyCorp increased their price objective on shares of Lam Research from $472.00 to $519.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 6th. Finally, Mizuho boosted their target price on Lam Research from $410.00 to $530.00 and gave the company a “buy” rating in a research report on Monday, December 28th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $412.96.

In other news, CFO Douglas R. Bettinger sold 14,556 shares of Lam Research stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $358.01, for a total transaction of $5,211,193.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 8,184 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $425.19, for a total value of $3,479,754.96. In the last 90 days, insiders sold 63,758 shares of company stock valued at $26,985,698. Company insiders own 0.34% of the company’s stock.

Shares of NASDAQ:LRCX traded down $9.94 on Wednesday, hitting $526.50. 1,314,325 shares of the company’s stock were exchanged, compared to its average volume of 1,480,357. Lam Research Co. has a 1-year low of $181.38 and a 1-year high of $537.86. The company has a market capitalization of $75.82 billion, a PE ratio of 29.86, a P/E/G ratio of 1.34 and a beta of 1.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.68 and a current ratio of 3.31. The firm’s 50-day moving average is $485.38 and its 200 day moving average is $388.56.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $5.67 earnings per share for the quarter, topping the consensus estimate of $5.17 by $0.50. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Lam Research had a return on equity of 55.82% and a net margin of 23.60%. During the same quarter in the previous year, the business earned $3.18 earnings per share. On average, analysts anticipate that Lam Research Co. will post 22.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 9th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, December 8th. This represents a $5.20 annualized dividend and a dividend yield of 0.99%. Lam Research’s dividend payout ratio is presently 32.60%.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Europe, Japan, Korea, Taiwan, and the southeast Asia. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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