Pensionfund Sabic Boosts Holdings in Lam Research Co. (NASDAQ:LRCX)

Pensionfund Sabic lifted its position in Lam Research Co. (NASDAQ:LRCX) by 1,650.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,000 shares of the semiconductor company’s stock after purchasing an additional 26,400 shares during the period. Pensionfund Sabic’s holdings in Lam Research were worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of LRCX. Lantz Financial LLC acquired a new stake in shares of Lam Research in the 2nd quarter worth $212,000. Savant Capital LLC grew its stake in shares of Lam Research by 2.6% in the second quarter. Savant Capital LLC now owns 3,387 shares of the semiconductor company’s stock worth $3,606,000 after acquiring an additional 87 shares in the last quarter. Umpqua Bank increased its stake in shares of Lam Research by 2.4% during the second quarter. Umpqua Bank now owns 4,180 shares of the semiconductor company’s stock worth $4,451,000 after buying an additional 99 shares during the period. Strategic Financial Concepts LLC purchased a new position in Lam Research in the second quarter worth approximately $373,000. Finally, Acadian Asset Management LLC increased its position in shares of Lam Research by 1,128.1% in the 2nd quarter. Acadian Asset Management LLC now owns 96,723 shares of the semiconductor company’s stock valued at $102,976,000 after purchasing an additional 88,847 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 6.2 %

Shares of NASDAQ:LRCX traded up $4.66 during midday trading on Monday, reaching $79.77. The company’s stock had a trading volume of 2,829,201 shares, compared to its average volume of 6,099,833. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The business has a 50 day moving average price of $74.62 and a 200 day moving average price of $82.66. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $102.64 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.85 earnings per share. Research analysts forecast that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research’s payout ratio is currently 29.77%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Mizuho reduced their price objective on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Sanford C. Bernstein cut their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Finally, Morgan Stanley upped their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $97.24.

Lam Research Company 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.