Commerzbank Aktiengesellschaft FI Has $748,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Commerzbank Aktiengesellschaft FI lifted its position in Lam Research Co. (NASDAQ:LRCX) by 1,227.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,357 shares of the semiconductor company’s stock after purchasing an additional 9,577 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Lam Research were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bahl & Gaynor Inc. lifted its stake in shares of Lam Research by 900.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 5,500 shares of the semiconductor company’s stock worth $397,000 after buying an additional 4,950 shares during the last quarter. Scott & Selber Inc. increased its position in Lam Research by 871.3% during the fourth quarter. Scott & Selber Inc. now owns 30,403 shares of the semiconductor company’s stock worth $2,196,000 after acquiring an additional 27,273 shares during the period. Charles Schwab Investment Management Inc. increased its position in Lam Research by 931.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,482,429 shares of the semiconductor company’s stock worth $612,686,000 after acquiring an additional 7,659,830 shares during the period. Planning Alternatives Ltd. ADV increased its position in Lam Research by 900.0% during the fourth quarter. Planning Alternatives Ltd. ADV now owns 5,850 shares of the semiconductor company’s stock worth $423,000 after acquiring an additional 5,265 shares during the period. Finally, State of Michigan Retirement System increased its position in Lam Research by 891.1% during the fourth quarter. State of Michigan Retirement System now owns 377,400 shares of the semiconductor company’s stock worth $27,260,000 after acquiring an additional 339,320 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 0.9 %

Shares of NASDAQ:LRCX opened at $76.44 on Wednesday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company’s fifty day moving average is $79.03 and its 200-day moving average is $77.87. The company has a market capitalization of $98.12 billion, a PE ratio of 23.22, a P/E/G ratio of 1.47 and a beta of 1.46.

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

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.20%. Lam Research’s dividend payout ratio (DPR) is 27.96%.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were 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. This represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LRCX shares. Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 target price on shares of Lam Research in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $98.22.

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.