19,430 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,430 shares of the semiconductor company's stock, valued at approximately $1,403,000.

A number of other large investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC lifted its position in shares of Lam Research by 892.7% in the fourth quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock valued at $1,341,902,000 after acquiring an additional 16,706,708 shares in the last quarter. Amundi lifted its holdings in Lam Research by 7,601.9% in the 4th quarter. Amundi now owns 12,945,172 shares of the semiconductor company's stock valued at $990,464,000 after purchasing an additional 12,777,094 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Lam Research by 860.4% during the 4th quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock worth $851,361,000 after purchasing an additional 10,559,508 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 7,659,830 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Lam Research by 843.4% in the fourth quarter. Swiss National Bank now owns 3,661,500 shares of the semiconductor company's stock valued at $264,470,000 after buying an additional 3,273,400 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

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Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

Lam Research Stock Down 0.4 %

Shares of NASDAQ:LRCX traded down $0.32 during mid-day trading on Tuesday, hitting $77.67. 6,436,759 shares of the company traded hands, compared to its average volume of 11,069,593. The firm has a market cap of $99.70 billion, a P/E ratio of 23.59, a PEG ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm's 50 day simple moving average is $79.70 and its 200 day simple moving average is $77.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. Lam Research's payout ratio is currently 27.96%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Barclays lowered their price objective on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Morgan Stanley raised their price target on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $98.06.

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.