KBC Group NV boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 732.8% in the 4th quarter, HoldingsChannel reports. The firm owned 316,776 shares of the semiconductor company’s stock after acquiring an additional 278,737 shares during the period. KBC Group NV’s holdings in Lam Research were worth $58,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Swiss National Bank raised its position in shares of Lam Research by 0.6% in the 4th quarter. Swiss National Bank now owns 599,146 shares of the semiconductor company’s stock valued at $110,285,000 after buying an additional 3,500 shares in the last quarter. Affinity Investment Advisors LLC raised its position in shares of Lam Research by 113.1% in the 4th quarter. Affinity Investment Advisors LLC now owns 33,109 shares of the semiconductor company’s stock valued at $6,094,000 after buying an additional 17,575 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Lam Research by 296.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 40,955 shares of the semiconductor company’s stock valued at $7,539,000 after buying an additional 30,635 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Lam Research by 4.7% in the 4th quarter. California Public Employees Retirement System now owns 431,617 shares of the semiconductor company’s stock valued at $79,448,000 after buying an additional 19,446 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Lam Research by 2.0% in the 4th quarter. Teacher Retirement System of Texas now owns 206,126 shares of the semiconductor company’s stock valued at $37,942,000 after buying an additional 4,020 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

In other Lam Research news, insider Martin B. Anstice sold 21,955 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $211.16, for a total transaction of $4,636,017.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Cannon sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $212.43, for a total transaction of $1,911,870.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,722 shares of company stock worth $12,088,028 over the last ninety days. 0.41% of the stock is currently owned by insiders.

Shares of Lam Research Co. (LRCX) opened at $165.87 on Friday. The stock has a market cap of $27,460.00, a P/E ratio of 18.27, a P/E/G ratio of 0.65 and a beta of 1.47. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. Lam Research Co. has a 1-year low of $113.20 and a 1-year high of $219.70.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.66. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.57 billion. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The firm’s revenue was up 37.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.24 EPS. research analysts anticipate that Lam Research Co. will post 16.74 earnings per share for the current fiscal year.

Lam Research announced that its board has authorized a share buyback program on Tuesday, November 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, March 6th. Lam Research’s dividend payout ratio (DPR) is presently 22.03%.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Lam Research from a “sell” rating to a “hold” rating and set a $221.00 target price for the company in a research report on Friday, October 13th. KeyCorp restated a “buy” rating and issued a $225.00 target price on shares of Lam Research in a research report on Sunday, November 19th. Argus boosted their target price on shares of Lam Research from $196.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Needham & Company LLC restated a “buy” rating and issued a $270.00 target price (up from $235.00) on shares of Lam Research in a research report on Thursday, January 25th. Finally, Vetr cut shares of Lam Research from a “buy” rating to a “hold” rating and set a $218.49 target price for the company. in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Lam Research currently has an average rating of “Buy” and an average target price of $232.41.

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Lam Research Company Profile

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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

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