Natixis Has $140.94 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Natixis lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,387.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,951,306 shares of the semiconductor company's stock after purchasing an additional 1,820,148 shares during the quarter. Lam Research accounts for approximately 0.9% of Natixis' holdings, making the stock its 17th biggest holding. Natixis owned approximately 0.15% of Lam Research worth $140,943,000 at the end of the most recent reporting period.

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

Lam Research Stock Up 5.0 %

Shares of NASDAQ LRCX traded up $3.19 during mid-day trading on Wednesday, reaching $66.67. 18,119,704 shares of the company's stock were exchanged, compared to its average volume of 12,147,194. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $85.58 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.47 and a beta of 1.52. The business has a fifty day simple moving average of $74.01 and a 200 day simple moving average of $75.68.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 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 expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, March 5th. Lam Research's payout ratio is presently 27.96%.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. 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. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Bank of America dropped their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Barclays reduced their target price on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.63.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company's stock.

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.