Charles Schwab Investment Management Inc. Has $609.16 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Charles Schwab Investment Management Inc. boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 777,722 shares of the semiconductor company’s stock after purchasing an additional 14,902 shares during the period. Charles Schwab Investment Management Inc. owned about 0.59% of Lam Research worth $609,159,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Lam Research by 76,165.7% in the fourth quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company’s stock valued at $249,099,000 after purchasing an additional 317,611 shares during the last quarter. Cerity Partners LLC raised its position in shares of Lam Research by 1,125.6% in the fourth quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock valued at $267,984,000 after buying an additional 314,224 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Lam Research by 106.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company’s stock worth $188,702,000 after purchasing an additional 155,240 shares in the last quarter. Northern Trust Corp raised its position in shares of Lam Research by 9.7% in the 3rd quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock valued at $954,705,000 after buying an additional 134,558 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Lam Research by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company’s stock valued at $2,328,358,000 after purchasing an additional 85,855 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Down 1.0 %

Shares of LRCX traded down $9.63 on Tuesday, reaching $914.91. The company’s stock had a trading volume of 674,631 shares, compared to its average volume of 1,059,255. Lam Research Co. has a twelve month low of $512.09 and a twelve month high of $1,007.39. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $940.71 and a 200-day moving average of $824.74. The stock has a market capitalization of $119.62 billion, a PE ratio of 33.65, a PEG ratio of 2.82 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.53. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $6.99 earnings per share. Equities analysts predict that Lam Research Co. will post 29.62 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.87%. Lam Research’s dividend payout ratio (DPR) is presently 29.42%.

Analyst Ratings Changes

LRCX has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lam Research in a research note on Thursday, April 11th. They set a “hold” rating and a $1,000.00 target price on the stock. Susquehanna cut their price objective on Lam Research from $880.00 to $850.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Citigroup upped their target price on Lam Research from $975.00 to $1,025.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on Lam Research from $900.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $950.85.

Insiders Place Their Bets

In other Lam Research news, EVP Patrick J. Lord sold 60 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $921.54, for a total transaction of $55,292.40. Following the completion of the transaction, the executive vice president now directly owns 4,454 shares of the company’s stock, valued at $4,104,539.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider George M. Schisler sold 400 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $908.21, for a total value of $363,284.00. Following the sale, the insider now owns 5,661 shares in the company, valued at $5,141,376.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick J. Lord sold 60 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $921.54, for a total value of $55,292.40. Following the transaction, the executive vice president now owns 4,454 shares of the company’s stock, valued at $4,104,539.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,489 shares of company stock valued at $6,978,065. Company insiders own 0.32% of the company’s stock.

Lam Research 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.