Northwestern Mutual Wealth Management Co. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 144.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 664 shares of the semiconductor company’s stock after acquiring an additional 392 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Lam Research were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LRCX. Krilogy Financial LLC raised its holdings in Lam Research by 91.6% in the 3rd quarter. Krilogy Financial LLC now owns 550 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 263 shares during the last quarter. Bollard Group LLC acquired a new stake in Lam Research in the 3rd quarter valued at about $130,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Lam Research in the 3rd quarter valued at about $134,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Lam Research in the 3rd quarter valued at about $185,000. Finally, Stephens Inc. AR raised its holdings in Lam Research by 100.0% in the 3rd quarter. Stephens Inc. AR now owns 1,072 shares of the semiconductor company’s stock valued at $198,000 after acquiring an additional 536 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Shares of Lam Research Co. (LRCX) opened at $165.87 on Friday. Lam Research Co. has a 1-year low of $113.20 and a 1-year high of $219.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 2.09. The firm has a market cap of $27,460.00, a P/E ratio of 18.27, a P/E/G ratio of 0.65 and a beta of 1.47.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.68 by $0.66. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm earned $2.24 EPS. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. equities analysts expect that Lam Research Co. will post 16.74 earnings per share for the current fiscal year.

Lam Research declared that its Board of Directors has approved a stock buyback plan on Tuesday, November 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $2.00 annualized dividend and a yield of 1.21%. Lam Research’s dividend payout ratio (DPR) is presently 22.03%.

In other Lam Research news, insider Seshasayee Varadarajan sold 25,453 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $215.00, for a total value of $5,472,395.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael R. Cannon sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $212.43, for a total transaction of $1,911,870.00. The disclosure for this sale can be found here. Insiders sold a total of 56,722 shares of company stock valued at $12,088,028 in the last quarter. 0.41% of the stock is owned by insiders.

A number of analysts have commented on the stock. BidaskClub upgraded shares of Lam Research from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. ValuEngine upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. restated a “buy” rating and set a $230.00 price target on shares of Lam Research in a report on Wednesday, October 18th. DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Lam Research in a report on Monday, January 22nd. Finally, Vetr downgraded shares of Lam Research from a “buy” rating to a “hold” rating and set a $196.77 price target for the company. in a report on Monday, October 16th. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Lam Research currently has an average rating of “Buy” and a consensus price target of $232.41.

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About Lam Research

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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

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