Vise Technologies Inc. Invests $235,000 in Lam Research Co. (NASDAQ:LRCX)

Vise Technologies Inc. purchased a new position in shares of Lam Research Co. (NASDAQ:LRCXGet Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 438 shares of the semiconductor company’s stock, valued at approximately $235,000.

Several other large investors also recently made changes to their positions in LRCX. Norges Bank bought a new stake in shares of Lam Research during the 4th quarter worth about $1,005,096,000. Coatue Management LLC boosted its stake in Lam Research by 110.9% during the 4th quarter. Coatue Management LLC now owns 860,025 shares of the semiconductor company’s stock valued at $618,487,000 after purchasing an additional 452,154 shares during the period. 1832 Asset Management L.P. boosted its stake in Lam Research by 229.7% during the 4th quarter. 1832 Asset Management L.P. now owns 414,564 shares of the semiconductor company’s stock valued at $300,852,000 after purchasing an additional 288,808 shares during the period. Invesco Ltd. boosted its stake in Lam Research by 43.6% during the 1st quarter. Invesco Ltd. now owns 919,096 shares of the semiconductor company’s stock valued at $494,117,000 after purchasing an additional 279,193 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Lam Research by 38.1% during the 1st quarter. Van ECK Associates Corp now owns 953,874 shares of the semiconductor company’s stock valued at $512,812,000 after purchasing an additional 263,364 shares during the period. Institutional investors own 80.09% of the company’s stock.

Lam Research Stock Down 1.0 %

NASDAQ LRCX opened at $409.22 on Friday. The firm has a market cap of $56.06 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.69 and a quick ratio of 1.82. The stock’s 50 day simple moving average is $461.55 and its 200 day simple moving average is $476.72. Lam Research Co. has a one year low of $375.87 and a one year high of $731.85.

Lam Research (NASDAQ:LRCXGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $8.83 EPS for the quarter, beating analysts’ consensus estimates of $7.30 by $1.53. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.21 billion. Lam Research had a return on equity of 75.71% and a net margin of 26.73%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $8.09 EPS. As a group, sell-side analysts forecast that Lam Research Co. will post 37.31 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 14th will be given a $1.725 dividend. This represents a $6.90 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Lam Research’s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, September 13th. Lam Research’s dividend payout ratio (DPR) is presently 21.07%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. Citigroup cut their price target on Lam Research from $720.00 to $700.00 in a report on Thursday, July 28th. Bank of America cut their price target on Lam Research from $650.00 to $540.00 and set a “buy” rating for the company in a report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft cut their price target on Lam Research from $560.00 to $480.00 in a report on Monday, July 18th. Finally, The Goldman Sachs Group upped their price target on Lam Research from $448.00 to $504.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $610.30.

Lam Research Profile

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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.

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

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