Lam Research Co. (NASDAQ:LRCX) Position Increased by Biltmore Family Office LLC

Biltmore Family Office LLC grew its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,890 shares of the semiconductor company's stock after purchasing an additional 4,401 shares during the quarter. Biltmore Family Office LLC's holdings in Lam Research were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. SevenBridge Financial Group LLC lifted its holdings in Lam Research by 1.3% in the 4th quarter. SevenBridge Financial Group LLC now owns 33,186 shares of the semiconductor company's stock valued at $2,397,000 after purchasing an additional 416 shares in the last quarter. Bryce Point Capital LLC acquired a new position in shares of Lam Research during the 4th quarter worth approximately $506,000. Huntington National Bank grew its position in shares of Lam Research by 944.0% in the fourth quarter. Huntington National Bank now owns 294,762 shares of the semiconductor company's stock valued at $21,291,000 after purchasing an additional 266,527 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Lam Research by 522.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,088,085 shares of the semiconductor company's stock worth $439,742,000 after buying an additional 5,109,310 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in shares of Lam Research by 950.3% during the 4th quarter. Meeder Advisory Services Inc. now owns 31,331 shares of the semiconductor company's stock worth $2,263,000 after acquiring an additional 28,348 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction 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 of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

Lam Research Trading Up 4.6 %

Shares of NASDAQ LRCX traded up $2.85 during midday trading on Tuesday, hitting $65.05. The stock had a trading volume of 4,866,557 shares, compared to its average volume of 11,877,825. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a fifty day moving average price of $77.99 and a 200 day moving average price of $76.98. The company has a market capitalization of $83.50 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.47 and a beta of 1.52. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) 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%. On average, 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 will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio is presently 27.96%.

Analysts Set New Price Targets

A number of equities research analysts have commented on LRCX shares. Wells Fargo & Company lifted their target price on Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, Jefferies Financial Group boosted their target price on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.59.

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.