Lam Research Co. (NASDAQ:LRCX) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 92,936 shares of the semiconductor company’s stock after purchasing an additional 4,193 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Lam Research were worth $72,793,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Lam Research by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company’s stock worth $2,328,358,000 after acquiring an additional 85,855 shares in the last quarter. Morgan Stanley boosted its stake in shares of Lam Research by 3.2% during the 3rd quarter. Morgan Stanley now owns 1,857,918 shares of the semiconductor company’s stock worth $1,164,490,000 after acquiring an additional 56,824 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Lam Research by 10.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company’s stock worth $1,029,386,000 after acquiring an additional 159,815 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Lam Research by 9.7% during the 3rd quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock worth $954,705,000 after acquiring an additional 134,558 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Lam Research by 12.3% during the 4th quarter. Van ECK Associates Corp now owns 776,885 shares of the semiconductor company’s stock worth $608,503,000 after acquiring an additional 85,102 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction that occurred on Monday, March 18th. The shares were 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 in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares of the company’s stock, valued at approximately $10,246,168.23. The disclosure for this sale can be found here. Insiders sold 7,089 shares of company stock worth $6,614,781 in the last 90 days. Insiders own 0.32% of the company’s stock.

Lam Research Price Performance

LRCX traded up $9.36 during trading on Thursday, reaching $877.46. The company’s stock had a trading volume of 313,580 shares, compared to its average volume of 1,064,606. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $942.92 and a two-hundred day simple moving average of $815.57. Lam Research Co. has a 1 year low of $507.19 and a 1 year high of $1,007.39. The company has a market cap of $115.04 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.78 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $6.99 EPS. As a group, analysts anticipate that Lam Research Co. will post 29.62 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.91%. Lam Research’s dividend payout ratio is currently 29.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LRCX shares. The Goldman Sachs Group increased their target price on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barclays increased their target price on shares of Lam Research from $825.00 to $865.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $1,100.00 price target on shares of Lam Research in a research note on Thursday, April 25th. StockNews.com raised shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Evercore ISI initiated coverage on shares of Lam Research in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 price target on the stock. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $950.85.

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.