Mizuho Bank Ltd. Invests $61,000 in Lam Research Co. (NASDAQ:LRCX)

Mizuho Bank Ltd. acquired a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 850 shares of the semiconductor company’s stock, valued at approximately $61,000.

Other large investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new position in shares of Lam Research during the 4th quarter worth approximately $30,062,000. Wells Fargo & Company MN raised its position in Lam Research by 836.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,844,947 shares of the semiconductor company’s stock worth $422,181,000 after acquiring an additional 5,220,742 shares in the last quarter. Pamalican Asset Management Ltd acquired a new stake in Lam Research in the fourth quarter valued at $4,045,000. Prudential PLC boosted its position in shares of Lam Research by 1,839.2% during the 4th quarter. Prudential PLC now owns 290,589 shares of the semiconductor company’s stock worth $20,989,000 after purchasing an additional 275,604 shares in the last quarter. Finally, Landscape Capital Management L.L.C. grew its stake in shares of Lam Research by 1,409.5% during the 4th quarter. Landscape Capital Management L.L.C. now owns 37,842 shares of the semiconductor company’s stock worth $2,733,000 after purchasing an additional 35,335 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Oppenheimer began coverage on Lam Research in a research note on Thursday, March 20th. They issued an “outperform” rating and a $95.00 price objective for the company. Wells Fargo & Company upped their target price on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Mizuho lifted their price target on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.59.

Lam Research Stock Performance

NASDAQ:LRCX opened at $59.09 on Friday. The company has a market cap of $75.85 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.47 and a beta of 1.53. The firm’s 50 day moving average is $78.26 and its two-hundred day moving average is $77.07. Lam Research Co. has a fifty-two week low of $57.97 and a fifty-two week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.56%. Lam Research’s payout ratio is 27.96%.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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.