Lam Research Co. (NASDAQ:LRCX) is Blue Whale Capital LLP's 2nd Largest Position

Blue Whale Capital LLP grew its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,991.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,060,945 shares of the semiconductor company's stock after purchasing an additional 1,962,386 shares during the quarter. Lam Research makes up approximately 11.1% of Blue Whale Capital LLP's holdings, making the stock its 2nd biggest holding. Blue Whale Capital LLP owned about 0.16% of Lam Research worth $148,862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parisi Gray Wealth Management boosted 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 buying an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY bought a new position in Lam Research during the 4th quarter worth approximately $815,000. Centerpoint Advisors LLC grew its holdings in Lam Research by 900.0% during the fourth 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 bought 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 Lam Research in the fourth quarter worth $4,258,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Mizuho upped their price objective on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and raised their target price for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Barclays decreased their price objective on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Finally, KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $96.87.

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Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated 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 completion of the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company's stock.

Lam Research Trading Up 1.6 %

Lam Research stock traded up $1.05 during mid-day trading on Friday, hitting $67.48. The company's stock had a trading volume of 14,704,156 shares, compared to its average volume of 12,144,348. The business has a 50 day moving average price of $76.49 and a 200-day moving average price of $76.49. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The stock has a market cap of $86.62 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its 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 net margin of 26.49% and a return on equity of 51.86%. As a group, analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders 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 dividend yield of 1.36%. Lam Research's dividend payout ratio is currently 27.96%.

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.