Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd lifted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 984.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,323 shares of the semiconductor company's stock after purchasing an additional 168,241 shares during the period. Lam Research accounts for about 3.3% of Napean Trading & Investment Co Singapore PTE Ltd's investment portfolio, making the stock its 10th biggest holding. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Lam Research were worth $13,386,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LRCX. Haverford Trust Co boosted its holdings in shares of Lam Research by 953.1% during the 4th quarter. Haverford Trust Co now owns 5,350 shares of the semiconductor company's stock worth $386,000 after buying an additional 4,842 shares during the period. Prudential Financial Inc. lifted its position in Lam Research by 1,198.4% during the 4th quarter. Prudential Financial Inc. now owns 2,103,049 shares of the semiconductor company's stock worth $151,903,000 after acquiring an additional 1,941,078 shares during the last quarter. Interchange Capital Partners LLC boosted its holdings in Lam Research by 906.0% during the fourth quarter. Interchange Capital Partners LLC now owns 5,070 shares of the semiconductor company's stock valued at $366,000 after acquiring an additional 4,566 shares during the period. Corebridge Financial Inc. grew its position in shares of Lam Research by 836.5% in the fourth quarter. Corebridge Financial Inc. now owns 413,073 shares of the semiconductor company's stock valued at $29,836,000 after purchasing an additional 368,966 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of Lam Research in the fourth quarter worth about $2,178,000. 84.61% of the stock is currently owned by institutional investors.

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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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LRCX. Oppenheimer started coverage on Lam Research in a research note on Thursday, March 20th. They set an "outperform" rating and a $95.00 target price for the company. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a research note on Friday, January 17th. Cantor Fitzgerald reiterated an "overweight" rating and set a $100.00 target price on shares of Lam Research in a research note on Tuesday, February 18th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $98.06.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded down $0.32 during midday trading on Tuesday, reaching $77.67. The company's stock had a trading volume of 6,436,759 shares, compared to its average volume of 11,084,305. The business's fifty day simple moving average is $79.75 and its 200-day simple moving average is $77.31. 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 Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a market capitalization of $99.70 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.47 and a beta of 1.53.

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 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 research analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.18%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio is 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.