Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Swedbank AB

Swedbank AB increased its stake in Lam Research Co. (NASDAQ:LRCX) by 1,488.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,069,002 shares of the semiconductor company’s stock after acquiring an additional 2,875,843 shares during the period. Swedbank AB owned approximately 0.24% of Lam Research worth $221,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Parisi Gray Wealth Management raised its position in Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 7,241 shares during the period. Burns J W & Co. Inc. NY purchased a new position in Lam Research in the 4th quarter worth approximately $815,000. Jennison Associates LLC grew its position in Lam Research by 20.0% in the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock valued at $194,451,000 after acquiring an additional 39,725 shares in the last quarter. Creative Planning grew its holdings in Lam Research by 2.5% during the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in Lam Research by 68.7% in the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock worth $29,372,000 after buying an additional 14,658 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX stock traded up $0.89 during trading hours on Wednesday, hitting $75.40. 3,161,825 shares of the stock were exchanged, compared to its average volume of 11,314,388. The company has a 50-day simple moving average of $75.62 and a two-hundred day simple moving average of $79.15. The firm has a market capitalization of $97.02 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research Announces Dividend

The company 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. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LRCX. Morgan Stanley lifted their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Finally, Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $95.77.

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.