MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Raises Stake in Lam Research Co. (NASDAQ:LRCX)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 6,604.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,850 shares of the semiconductor company’s stock after acquiring an additional 43,196 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Lam Research were worth $3,164,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Quarry LP lifted its stake in Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares during the last quarter. NCP Inc. bought a new position in Lam Research during the 2nd quarter worth approximately $213,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares during the period. Advisory Alpha LLC bought a new stake in Lam Research in the second quarter valued at approximately $256,000. Finally, Silver Lake Advisory LLC purchased a new stake in shares of Lam Research during the second quarter valued at approximately $261,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Lam Research stock opened at $81.23 on Friday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $104.52 billion, a P/E ratio of 26.25, a PEG ratio of 1.53 and a beta of 1.45. The stock’s 50 day moving average is $75.11 and its 200 day moving average is $80.06.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $6.85 earnings per share. On average, equities research analysts predict that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. Lam Research’s dividend payout ratio is presently 29.74%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $95.77.

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.