Alpha DNA Investment Management LLC Invests $943,000 in Lam Research Co. (NASDAQ:LRCX)

Alpha DNA Investment Management LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,057 shares of the semiconductor company's stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co grew its position in shares of Lam Research by 48.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 11,464 shares of the semiconductor company's stock worth $9,364,000 after buying an additional 3,732 shares in the last quarter. Arvest Bank Trust Division bought a new position in Lam Research during the 3rd quarter worth about $18,106,000. Wilmington Savings Fund Society FSB increased its position in Lam Research by 383.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,547 shares of the semiconductor company's stock valued at $3,711,000 after purchasing an additional 3,607 shares during the period. Tidal Investments LLC raised its holdings in shares of Lam Research by 409.6% in the 3rd quarter. Tidal Investments LLC now owns 37,420 shares of the semiconductor company's stock valued at $30,538,000 after purchasing an additional 30,077 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in shares of Lam Research by 22.4% in the 3rd quarter. Synovus Financial Corp now owns 3,071 shares of the semiconductor company's stock worth $2,508,000 after purchasing an additional 561 shares during the period. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on LRCX shares. UBS Group reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday. KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research report on Friday, January 17th. Jefferies Financial Group raised their price objective on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, March 28th. Stifel Nicolaus reduced their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.87.

Lam Research Stock Down 2.1 %

NASDAQ:LRCX opened at $63.76 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company's fifty day moving average price is $75.18 and its 200-day moving average price is $76.08. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The firm has a market capitalization of $81.85 billion, a P/E ratio of 19.37, a PEG ratio of 1.47 and a beta of 1.52.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.44%. Lam Research's dividend payout ratio is presently 27.96%.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company's stock.

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.

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