Lam Research Co. (NASDAQ:LRCX) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,017.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,172,369 shares of the semiconductor company's stock after purchasing an additional 2,888,553 shares during the quarter. Alliancebernstein L.P. owned about 0.25% of Lam Research worth $229,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parisi Gray Wealth Management boosted its holdings in shares of Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock valued at $603,000 after buying an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new stake in Lam Research in the fourth quarter valued at approximately $815,000. Centerpoint Advisors LLC grew its holdings in Lam Research by 900.0% in the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 900 shares during the last quarter. Worldquant Millennium Advisors LLC increased its position in shares of Lam Research by 51.9% during the third quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company's stock worth $175,800,000 after purchasing an additional 73,648 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Lam Research by 4,085.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company's stock valued at $10,932,000 after purchasing an additional 13,075 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Price Performance

Shares of LRCX stock traded down $6.13 during mid-day trading on Friday, hitting $59.09. 26,238,929 shares of the stock were exchanged, compared to its average volume of 11,840,267. Lam Research Co. has a 52-week low of $57.97 and a 52-week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The company has a market cap of $75.85 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The firm has a fifty day moving average of $78.26 and a 200 day moving average of $77.07.

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

Lam Research Announces Dividend

The business 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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio is presently 27.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LRCX shares. Oppenheimer assumed coverage on Lam Research in a research note on Thursday, March 20th. They set an "outperform" rating and a $95.00 target price on the stock. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and increased their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their target price 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. Mizuho upped their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $100.00 price objective on shares of Lam Research in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $97.59.

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.