Fox Run Management L.L.C. Has $1.26 Million Position in Lam Research Co. (NASDAQ:LRCX)

Fox Run Management L.L.C. lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 732.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,378 shares of the semiconductor company's stock after purchasing an additional 15,291 shares during the quarter. Fox Run Management L.L.C.'s holdings in Lam Research were worth $1,255,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions 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 worth $603,000 after acquiring an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY bought a new stake in shares of Lam Research during the fourth quarter worth $815,000. Centerpoint Advisors LLC increased its stake in shares of Lam Research by 900.0% in the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after buying an additional 900 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Lam Research by 51.9% in the third quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company's stock valued at $175,800,000 after buying an additional 73,648 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in Lam Research by 4,085.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company's stock worth $10,932,000 after buying an additional 13,075 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

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Lam Research Stock Down 0.3 %

Shares of LRCX stock traded down $0.20 during trading hours on Tuesday, hitting $77.80. 2,308,770 shares of the company were exchanged, compared to its average volume of 11,069,593. The company has a market capitalization of $99.86 billion, a PE ratio of 23.67, a PEG ratio of 1.47 and a beta of 1.53. The business has a 50 day moving average of $79.70 and a two-hundred day moving average of $77.30. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

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%. Analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LRCX shares. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and upped their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $98.06.

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.