Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Field & Main Bank

Field & Main Bank raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 801.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,380 shares of the semiconductor company’s stock after acquiring an additional 2,116 shares during the period. Field & Main Bank’s holdings in Lam Research were worth $172,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Lam Research during the 4th quarter valued at about $175,652,000. KBC Group NV boosted its holdings in Lam Research by 904.7% in the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock worth $99,031,000 after acquiring an additional 1,234,595 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Lam Research by 779.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company’s stock valued at $68,130,000 after purchasing an additional 836,044 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Lam Research during the fourth quarter worth $35,253,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on LRCX. Morgan Stanley boosted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Sanford C. Bernstein dropped their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. The Goldman Sachs Group cut their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Stock Performance

Shares of LRCX opened at $75.16 on Wednesday. The company has a market capitalization of $96.70 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The company’s fifty day moving average price is $75.62 and its 200 day moving average price is $79.15. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

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.