Jackson Square Capital LLC Has $2.20 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Jackson Square Capital LLC lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 872.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,474 shares of the semiconductor company’s stock after purchasing an additional 27,340 shares during the period. Jackson Square Capital LLC’s holdings in Lam Research were worth $2,201,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Lam Research in the fourth quarter worth about $175,652,000. Neville Rodie & Shaw Inc. raised its holdings in Lam Research by 886.9% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock worth $25,266,000 after purchasing an additional 314,349 shares during the last quarter. Czech National Bank lifted its position in Lam Research by 950.4% during the 4th quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock valued at $20,151,000 after purchasing an additional 252,420 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Lam Research by 215.4% in the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after purchasing an additional 233,500 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX opened at $80.30 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The company has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45. The business’s 50-day moving average price is $74.73 and its two-hundred day moving average price is $80.99. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.85 EPS. Equities analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LRCX shares. The Goldman Sachs Group dropped their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Mizuho reduced their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Friday. Finally, BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.77.

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.