Mizuho Bank Ltd. Purchases New Shares in Lam Research Co. (NASDAQ:LRCX)

Mizuho Bank Ltd. acquired a new stake in Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 850 shares of the semiconductor company’s stock, valued at approximately $61,000.

Several other large investors also recently modified their holdings of the business. Royal London Asset Management Ltd. grew its stake in Lam Research by 3.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 65,282 shares of the semiconductor company’s stock valued at $53,275,000 after purchasing an additional 1,884 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Lam Research by 39.5% during the third quarter. Quantinno Capital Management LP now owns 11,137 shares of the semiconductor company’s stock worth $9,089,000 after buying an additional 3,152 shares in the last quarter. Stevens Capital Management LP raised its holdings in Lam Research by 112.4% in the third quarter. Stevens Capital Management LP now owns 427 shares of the semiconductor company’s stock valued at $348,000 after acquiring an additional 226 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in Lam Research by 2.6% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 9,911 shares of the semiconductor company’s stock valued at $8,088,000 after acquiring an additional 255 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Lam Research by 215.4% during the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock worth $279,018,000 after acquiring an additional 233,500 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

LRCX opened at $59.09 on Friday. The business has a 50 day moving average price of $78.26 and a two-hundred day moving average price of $77.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a market capitalization of $75.85 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 1-year low of $57.97 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX) last announced 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 return on equity of 51.86% and a net margin of 26.49%. Research analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed 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 1.56%. Lam Research’s dividend payout ratio is currently 27.96%.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their price target for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.59.

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.