Tokio Marine Asset Management Co. Ltd. Has $7.67 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Tokio Marine Asset Management Co. Ltd. reduced its position in shares of Lam Research Co. (NASDAQ:LRCX) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,788 shares of the semiconductor company’s stock after selling 26 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Lam Research were worth $7,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LRCX. Valued Wealth Advisors LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at $30,000. Orion Capital Management LLC bought a new position in Lam Research in the third quarter valued at about $25,000. BluePath Capital Management LLC bought a new position in shares of Lam Research in the third quarter worth about $28,000. Asset Dedication LLC lifted its holdings in shares of Lam Research by 56.7% in the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 17 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of Lam Research during the 4th quarter valued at approximately $38,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Down 0.3 %

Shares of LRCX traded down $2.53 on Wednesday, reaching $884.89. The stock had a trading volume of 1,946,455 shares, compared to its average volume of 1,068,471. The firm has a market capitalization of $116.01 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 3.14 and a beta of 1.51. The company has a 50-day simple moving average of $943.93 and a 200-day simple moving average of $806.38. Lam Research Co. has a 12-month low of $493.42 and a 12-month high of $1,007.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.06 by $0.46. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. Lam Research’s revenue was down 28.8% on a year-over-year basis. During the same period last year, the company posted $10.71 EPS. Sell-side analysts predict that Lam Research Co. will post 28.92 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.90%. Lam Research’s dividend payout ratio is currently 30.94%.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the sale, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Christina Corrreia sold 647 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the completion of the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Insiders sold 7,029 shares of company stock worth $6,559,489 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on LRCX. UBS Group boosted their price objective on shares of Lam Research from $885.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Susquehanna raised their price objective on Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lam Research in a research report on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 price target on the stock. Cantor Fitzgerald upped their price objective on shares of Lam Research from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Needham & Company LLC upped their price objective on Lam Research from $900.00 to $1,030.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $931.85.

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.