Lam Research Co. (NASDAQ:LRCX) Stake Lifted by Jump Financial LLC

Jump Financial LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 14,496.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,109 shares of the semiconductor company's stock after buying an additional 51,752 shares during the period. Jump Financial LLC's holdings in Lam Research were worth $3,764,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Parisi Gray Wealth Management raised its holdings in Lam Research by 652.9% during the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after purchasing an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new stake in shares of Lam Research during the fourth quarter worth about $815,000. Centerpoint Advisors LLC boosted its position in shares of Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 900 shares during the period. Transform Wealth LLC purchased a new stake in Lam Research in the fourth quarter valued at approximately $17,269,000. Finally, E. Ohman J or Asset Management AB acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $4,258,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on LRCX shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. UBS Group decreased their target price on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and boosted their price target for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group cut their price target 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. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $93.87.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Lam Research Stock Down 2.1 %

LRCX traded down $1.38 during trading hours on Friday, reaching $63.76. 13,845,188 shares of the stock traded hands, compared to its average volume of 12,145,383. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a market cap of $81.85 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.47 and a beta of 1.52. The firm's fifty day simple moving average is $74.79 and its two-hundred day simple moving average is $75.93.

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, 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%. As a group, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were paid a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.44%. Lam Research's dividend payout ratio (DPR) is 27.96%.

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.