LSV Asset Management grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,045,010 shares of the semiconductor company’s stock after purchasing an additional 153,891 shares during the quarter. Lam Research accounts for approximately 0.7% of LSV Asset Management’s investment portfolio, making the stock its 26th largest holding. LSV Asset Management’s holdings in Lam Research were worth $414,639,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its stake in Lam Research by 92.5% in the second quarter. FMR LLC now owns 2,329,989 shares of the semiconductor company’s stock worth $402,737,000 after acquiring an additional 1,119,488 shares during the period. State of Alaska Department of Revenue lifted its stake in Lam Research by 3.9% in the third quarter. State of Alaska Department of Revenue now owns 27,789 shares of the semiconductor company’s stock worth $4,215,000 after acquiring an additional 1,033 shares during the period. Polianta Ltd lifted its stake in Lam Research by 11.9% in the third quarter. Polianta Ltd now owns 7,500 shares of the semiconductor company’s stock worth $1,137,000 after acquiring an additional 800 shares during the period. First Hawaiian Bank purchased a new stake in Lam Research in the third quarter worth $239,000. Finally, RWC Asset Management LLP lifted its stake in Lam Research by 77.9% in the third quarter. RWC Asset Management LLP now owns 83,609 shares of the semiconductor company’s stock worth $12,683,000 after acquiring an additional 36,612 shares during the period. 89.11% of the stock is currently owned by institutional investors.

Shares of Lam Research stock opened at $176.50 on Monday. The company has a quick ratio of 2.61, a current ratio of 3.39 and a debt-to-equity ratio of 0.31. The firm has a market cap of $26.75 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.05 and a beta of 1.50. Lam Research Co. has a 12 month low of $122.64 and a 12 month high of $234.88.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.67 by $0.20. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.50 billion. Lam Research had a return on equity of 48.08% and a net margin of 26.69%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.34 earnings per share. Sell-side analysts anticipate that Lam Research Co. will post 13.9 EPS for the current year.

Lam Research declared that its board has initiated a stock repurchase program on Wednesday, January 23rd that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 23% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

LRCX has been the subject of a number of research analyst reports. DA Davidson dropped their price target on Lam Research to $225.00 in a research note on Monday, October 15th. Zacks Investment Research lowered Lam Research from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Cowen dropped their price target on Lam Research from $250.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday, October 17th. KeyCorp dropped their price target on Lam Research from $261.00 to $231.00 and set an “overweight” rating for the company in a research note on Wednesday, October 17th. Finally, Stifel Nicolaus set a $279.00 price target on Lam Research and gave the stock a “buy” rating in a research note on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Lam Research has an average rating of “Buy” and an average target price of $216.39.

In other news, SVP Kevin Jennings sold 1,692 shares of Lam Research stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $180.00, for a total value of $304,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Heckart sold 2,050 shares of Lam Research stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $172.98, for a total value of $354,609.00. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

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About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

Further Reading: Price-Sales Ratio

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

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