National Bank of Canada FI Has $155.79 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

National Bank of Canada FI raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 1,102.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,156,852 shares of the semiconductor company’s stock after purchasing an additional 1,977,509 shares during the quarter. National Bank of Canada FI owned 0.17% of Lam Research worth $155,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Parisi Gray Wealth Management grew its position in Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after acquiring an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY bought a new stake in shares of Lam Research during the 4th quarter valued at approximately $815,000. Centerpoint Advisors LLC grew its holdings in shares of Lam Research by 900.0% during the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 900 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Lam Research by 51.9% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company’s stock valued at $175,800,000 after purchasing an additional 73,648 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Lam Research by 4,085.9% in the third quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company’s stock valued at $10,932,000 after buying an additional 13,075 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Morgan Stanley lifted their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their price objective on Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday. Mizuho lifted their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Oppenheimer began coverage on shares of Lam Research in a research report on Thursday, March 20th. They issued an “outperform” rating and a $95.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $97.59.

Lam Research Trading Up 0.1 %

Shares of LRCX stock opened at $72.70 on Tuesday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a 50 day simple moving average of $79.35 and a two-hundred day simple moving average of $77.31. The company has a market cap of $93.32 billion, a P/E ratio of 22.08, a PEG ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.27%. Lam Research’s dividend payout ratio is presently 27.96%.

Lam Research Company 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.