Bank Julius Baer & Co. Ltd Zurich Has $109.42 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,698 shares of the semiconductor company’s stock after acquiring an additional 3,124 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.11% of Lam Research worth $109,420,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in shares of Lam Research by 3.2% during the 3rd quarter. Morgan Stanley now owns 1,857,918 shares of the semiconductor company’s stock worth $1,164,490,000 after buying an additional 56,824 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Lam Research by 10.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company’s stock worth $1,029,386,000 after buying an additional 159,815 shares during the period. Northern Trust Corp boosted its holdings in shares of Lam Research by 9.7% during the 3rd quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock worth $954,705,000 after buying an additional 134,558 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Lam Research by 0.6% during the 4th quarter. WCM Investment Management LLC now owns 600,594 shares of the semiconductor company’s stock worth $474,271,000 after buying an additional 3,717 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Lam Research by 12.0% in the 4th quarter. Nordea Investment Management AB now owns 453,787 shares of the semiconductor company’s stock valued at $355,025,000 after purchasing an additional 48,482 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Cowen increased their price target on shares of Lam Research from $975.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI assumed coverage on shares of Lam Research in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 price target for the company. Wells Fargo & Company increased their price target on shares of Lam Research from $930.00 to $980.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. B. Riley raised shares of Lam Research from a “neutral” rating to a “buy” rating and increased their price target for the company from $870.00 to $1,100.00 in a report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lam Research in a report on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 price target for the company. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $950.85.

Lam Research Price Performance

Shares of Lam Research stock traded up $16.58 during mid-day trading on Thursday, reaching $901.47. 1,306,880 shares of the stock were exchanged, compared to its average volume of 1,071,539. The company has a market cap of $118.18 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 3.21 and a beta of 1.51. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a 50-day simple moving average of $943.93 and a 200 day simple moving average of $806.38. Lam Research Co. has a fifty-two week low of $493.42 and a fifty-two week high of $1,007.39.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $6.99 EPS. On average, sell-side analysts predict that Lam Research Co. will post 28.96 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s payout ratio is presently 30.94%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is currently owned by corporate insiders.

About Lam Research

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.