KBC Group NV Acquires 1,234,595 Shares of Lam Research Co. (NASDAQ:LRCX)

KBC Group NV lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 904.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,371,062 shares of the semiconductor company’s stock after acquiring an additional 1,234,595 shares during the period. KBC Group NV owned approximately 0.11% of Lam Research worth $99,031,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Lighthouse Investment Partners LLC bought a new stake in Lam Research during the 2nd quarter worth about $1,597,000. Scientech Research LLC grew its stake in shares of Lam Research by 82.8% during the second quarter. Scientech Research LLC now owns 746 shares of the semiconductor company’s stock valued at $794,000 after purchasing an additional 338 shares during the last quarter. Creative Planning increased its holdings in shares of Lam Research by 1.4% in the second quarter. Creative Planning now owns 46,231 shares of the semiconductor company’s stock valued at $49,229,000 after purchasing an additional 639 shares in the last quarter. Silver Lake Advisory LLC bought a new position in Lam Research in the 2nd quarter worth approximately $261,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Lam Research by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 49,056 shares of the semiconductor company’s stock valued at $52,246,000 after buying an additional 433 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 1.9 %

NASDAQ LRCX opened at $79.68 on Monday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock’s 50 day moving average price is $75.43 and its two-hundred day moving average price is $79.86. The stock has a market capitalization of $102.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45.

Lam Research Announces Dividend

The firm also recently announced 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 yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LRCX shares. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Friday, January 17th. Wells Fargo & Company cut their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. B. Riley lowered their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Barclays decreased their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.77.

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.