Swiss National Bank Has $323.88 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Swiss National Bank lessened its stake in Lam Research Co. (NASDAQ:LRCX) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,500 shares of the semiconductor company’s stock after selling 18,700 shares during the quarter. Swiss National Bank owned about 0.32% of Lam Research worth $323,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC acquired a new stake in Lam Research in the 4th quarter valued at about $30,000. Orion Capital Management LLC bought a new position in shares of Lam Research in the 3rd quarter valued at about $25,000. BluePath Capital Management LLC bought a new position in shares of Lam Research in the 3rd quarter valued at about $28,000. Asset Dedication LLC boosted its stake in shares of Lam Research by 56.7% in the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 17 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Lam Research in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 1.0 %

Shares of NASDAQ LRCX traded up $8.35 during midday trading on Thursday, reaching $876.45. The company’s stock had a trading volume of 256,596 shares, compared to its average volume of 1,063,911. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. Lam Research Co. has a fifty-two week low of $507.19 and a fifty-two week high of $1,007.39. The stock has a market capitalization of $114.90 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.78 and a beta of 1.51. The stock has a 50 day simple moving average of $942.92 and a 200-day simple moving average of $815.57.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $6.99 earnings per share. Equities research analysts predict that Lam Research Co. will post 29.62 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.91%. Lam Research’s dividend payout ratio is currently 29.42%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the transaction, the director now directly owns 10,541 shares of the company’s stock, valued at $10,246,168.23. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders have sold a total of 7,089 shares of company stock worth $6,614,781 over the last ninety days. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LRCX shares. UBS Group lifted their price objective on shares of Lam Research from $1,130.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Mizuho lifted their price objective on shares of Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Cantor Fitzgerald reissued a “neutral” rating and set a $1,100.00 price objective on shares of Lam Research in a research note on Thursday, April 25th. Raymond James lifted their price objective on shares of Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, B. Riley raised shares of Lam Research from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $870.00 to $1,100.00 in a research note on Friday, April 19th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $950.85.

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.