Aquatic Capital Management LLC Has $7.76 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Aquatic Capital Management LLC raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 406.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,473 shares of the semiconductor company's stock after purchasing an additional 86,233 shares during the quarter. Aquatic Capital Management LLC's holdings in Lam Research were worth $7,763,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC lifted its stake in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Diversified Trust Co grew its position in Lam Research by 8.3% in the fourth quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock valued at $270,000 after purchasing an additional 286 shares in the last quarter. McLean Asset Management Corp increased its stake in Lam Research by 6.3% in the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after buying an additional 302 shares during the last quarter. Fairway Wealth LLC lifted its position in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after buying an additional 307 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

NASDAQ:LRCX opened at $71.42 on Friday. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm's 50-day simple moving average is $73.15 and its 200 day simple moving average is $75.43. The firm has a market cap of $91.68 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, sell-side analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is currently 25.63%.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction that occurred on 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 directly owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on LRCX shares. Morgan Stanley upped their target price on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Needham & Company LLC decreased their target price on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Bank of America dropped their price target on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group decreased 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 report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and nineteen have assigned 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 $92.70.

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.

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