Lam Research Co. (NASDAQ:LRCX) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 779.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 943,240 shares of the semiconductor company’s stock after buying an additional 836,044 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Lam Research were worth $68,130,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in LRCX. Atwood & Palmer Inc. acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. West Oak Capital LLC increased its stake in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the period. Finley Financial LLC purchased a new position in Lam Research during the 4th quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $75.15 on Thursday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a market cap of $96.69 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The company’s 50-day moving average is $75.62 and its two-hundred day moving average is $79.15. 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 (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. Research analysts expect that Lam Research Co. will post 3.51 EPS for the current year.

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 given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.22%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

LRCX has been the subject of a number of recent analyst reports. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Friday, January 17th. Sanford C. Bernstein dropped their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, B. Riley reduced their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.