William Blair Investment Management LLC Has $66.13 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

William Blair Investment Management LLC lessened its holdings in Lam Research Co. (NASDAQ:LRCX) by 8.8% in the 4th quarter, Holdings Channel reports. The firm owned 140,027 shares of the semiconductor company’s stock after selling 13,557 shares during the quarter. William Blair Investment Management LLC’s holdings in Lam Research were worth $66,131,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Lam Research by 12.1% in the 4th quarter. FMR LLC now owns 8,731,016 shares of the semiconductor company’s stock valued at $4,123,397,000 after purchasing an additional 940,594 shares during the last quarter. Boston Partners lifted its stake in shares of Lam Research by 0.9% in the 3rd quarter. Boston Partners now owns 1,291,289 shares of the semiconductor company’s stock valued at $428,280,000 after purchasing an additional 11,235 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Lam Research by 25.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,130,606 shares of the semiconductor company’s stock valued at $375,078,000 after purchasing an additional 229,409 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Lam Research by 7.6% in the 4th quarter. Fisher Asset Management LLC now owns 957,559 shares of the semiconductor company’s stock valued at $452,227,000 after purchasing an additional 67,687 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Lam Research by 4.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 865,601 shares of the semiconductor company’s stock valued at $287,163,000 after purchasing an additional 37,876 shares during the last quarter. 84.03% of the stock is owned by institutional investors and hedge funds.

LRCX has been the topic of several recent analyst reports. Needham & Company LLC downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, January 8th. They noted that the move was a valuation call. Cowen lifted their target price on shares of Lam Research from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. B. Riley lifted their target price on shares of Lam Research from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, January 25th. Wells Fargo & Company lifted their target price on shares of Lam Research from $475.00 to $525.00 and gave the stock an “equal weight” rating in a report on Thursday, January 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $616.00 target price (up previously from $557.00) on shares of Lam Research in a report on Monday, January 18th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $480.00.

In other news, CEO Timothy Archer sold 4,464 shares of Lam Research stock in a transaction on Monday, February 8th. The stock was sold at an average price of $515.00, for a total value of $2,298,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Seshasayee Varadarajan sold 10,000 shares of Lam Research stock in a transaction on Monday, December 21st. The shares were sold at an average price of $469.12, for a total value of $4,691,200.00. The disclosure for this sale can be found here. Insiders sold a total of 30,257 shares of company stock valued at $14,502,258 over the last three months. Insiders own 0.34% of the company’s stock.

LRCX opened at $567.80 on Tuesday. Lam Research Co. has a one year low of $181.38 and a one year high of $603.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.31 and a quick ratio of 2.68. The company’s 50 day simple moving average is $539.14 and its 200-day simple moving average is $428.69. The stock has a market capitalization of $81.14 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.33.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Tuesday, January 26th. The semiconductor company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.31. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.34 billion. Lam Research had a return on equity of 55.82% and a net margin of 23.60%. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.01 EPS. As a group, analysts anticipate that Lam Research Co. will post 22.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 7th. Stockholders of record on Wednesday, March 17th will be paid a $1.30 dividend. The ex-dividend date is Tuesday, March 16th. This represents a $5.20 annualized dividend and a dividend yield of 0.92%. Lam Research’s dividend payout ratio (DPR) is currently 32.60%.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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

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