China Universal Asset Management Co. Ltd. Buys 37,293 Shares of Lam Research Co. (NASDAQ:LRCX)

China Universal Asset Management Co. Ltd. raised its position in shares of Lam Research Co. (NASDAQ:LRCX) by 2,264.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,940 shares of the semiconductor company’s stock after acquiring an additional 37,293 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Lam Research were worth $2,816,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares during the period. Swedbank AB boosted its position in shares of 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 acquiring an additional 2,875,843 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Lam Research during the fourth quarter valued at approximately $175,652,000. KBC Group NV boosted 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 purchasing an additional 1,234,595 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Lam Research by 779.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company’s stock worth $68,130,000 after buying an additional 836,044 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent analyst reports. BNP Paribas upgraded Lam Research to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Mizuho lowered their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Trading Up 0.4 %

Shares of Lam Research stock opened at $81.05 on Friday. The stock has a fifty day moving average price of $76.05 and a 200-day moving average price of $78.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm has a market cap of $104.29 billion, a PE ratio of 24.62, a P/E/G ratio of 1.38 and a beta of 1.45. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. Equities research analysts anticipate that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.14%. Lam Research’s dividend payout ratio (DPR) is 27.95%.

About Lam Research

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.