Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 891.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,188 shares of the semiconductor company's stock after purchasing an additional 137,735 shares during the period. Ieq Capital LLC's holdings in Lam Research were worth $11,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LRCX. Financial Perspectives Inc raised its holdings in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares during the period. Atwood & Palmer Inc. bought a new stake in Lam Research in the 4th quarter worth approximately $27,000. West Oak Capital LLC lifted its holdings in shares of 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 during the last quarter. Country Trust Bank increased its stake in Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 360 shares during the last quarter. Finally, Finley Financial LLC purchased a new stake in Lam Research during the fourth quarter valued at approximately $30,000. 84.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company's stock.

Lam Research Stock Down 3.1 %

Shares of LRCX traded down $2.75 during trading hours on Friday, hitting $86.27. The company had a trading volume of 6,092,253 shares, compared to its average volume of 12,233,333. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company's fifty day moving average price is $78.27 and its two-hundred day moving average price is $77.97. The company has a market capitalization of $110.74 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. 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 released its quarterly earnings results 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, equities analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Lam Research's payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

LRCX has been the topic of several analyst reports. BNP Paribas raised Lam Research to a "hold" rating in a research report on Thursday, October 24th. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and increased their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Mizuho lifted their price target on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company increased 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. Finally, Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $75.00 to $125.00 in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.22.

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.