Avanza Fonder AB Takes $8.93 Million Position in Lam Research Co. (NASDAQ:LRCX)

Avanza Fonder AB purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 123,624 shares of the semiconductor company’s stock, valued at approximately $8,929,000.

A number of other institutional investors have also added to or reduced their stakes in LRCX. Van ECK Associates Corp boosted its position in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after buying an additional 15,005,178 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Lam Research during the fourth quarter worth $175,652,000. Neville Rodie & Shaw Inc. raised its position in Lam Research by 886.9% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock worth $25,266,000 after purchasing an additional 314,349 shares during the last quarter. Czech National Bank lifted its stake in shares of Lam Research by 950.4% in the fourth quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock worth $20,151,000 after acquiring an additional 252,420 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Lam Research by 215.4% during the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock worth $279,018,000 after purchasing an additional 233,500 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley increased their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Sanford C. Bernstein decreased their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Trading Up 1.0 %

NASDAQ:LRCX opened at $80.04 on Friday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The firm has a 50-day moving average price of $74.68 and a two-hundred day moving average price of $81.00. The firm has a market cap of $102.99 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $6.85 earnings per share. On average, equities analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research’s dividend payout ratio is currently 29.74%.

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.