Groupama Asset Managment Has $8.31 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Groupama Asset Managment boosted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 361.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,121 shares of the semiconductor company's stock after purchasing an additional 90,200 shares during the quarter. Groupama Asset Managment's holdings in Lam Research were worth $8,306,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Parisi Gray Wealth Management increased its position 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 position in Lam Research in the fourth quarter valued at about $815,000. Centerpoint Advisors LLC increased its holdings 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 worth $72,000 after acquiring an additional 900 shares in the last quarter. Worldquant Millennium Advisors LLC raised 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 during the period. 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 in the last quarter. Institutional investors own 84.61% of the company's stock.

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Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Lam Research Stock Performance

Shares of LRCX stock traded down $6.13 during trading on Friday, reaching $59.09. 26,238,929 shares of the company's stock were exchanged, compared to its average volume of 11,840,267. Lam Research Co. has a twelve month low of $57.97 and a twelve month high of $113.00. The firm's fifty day moving average price is $78.26 and its 200-day moving average price is $77.07. 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 stock has a market capitalization of $75.85 billion, a PE ratio of 17.95, a PEG ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, sell-side 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 will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.56%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Analyst Ratings Changes

LRCX has been the topic of several research analyst reports. Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Wolfe Research cut Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Mizuho boosted their price target on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target 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.