Headlands Technologies LLC Has $4.38 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Headlands Technologies LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 570.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,592 shares of the semiconductor company's stock after purchasing an additional 51,559 shares during the quarter. Headlands Technologies LLC's holdings in Lam Research were worth $4,377,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Financial Perspectives Inc raised its stake in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares during the period. Fairway Wealth LLC increased its holdings in shares of 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 during the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Lam Research in the 4th quarter worth $27,000. Midwest Capital Advisors LLC purchased a new stake in Lam Research during the fourth quarter valued at about $27,000. Finally, Bell Investment Advisors Inc increased its stake in Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 343 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX traded up $0.95 during trading hours on Wednesday, reaching $73.78. 7,606,426 shares of the company's stock were exchanged, compared to its average volume of 11,711,904. 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 company has a market capitalization of $94.71 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The business's 50-day simple moving average is $78.99 and its two-hundred day simple moving average is $77.28.

Remove Ads

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Sell-side analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.25%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $100.00 price objective on shares of Lam Research in a research note on Tuesday, February 18th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and raised their target price for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Barclays decreased their price target on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company raised their price objective 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. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.59.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.