Lam Research Co. (NASDAQ:LRCX) is Quantbot Technologies LP's 9th Largest Position

Quantbot Technologies LP raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 8,308.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 236,622 shares of the semiconductor company's stock after buying an additional 233,808 shares during the quarter. Lam Research comprises 0.6% of Quantbot Technologies LP's investment portfolio, making the stock its 9th largest position. Quantbot Technologies LP's holdings in Lam Research were worth $17,091,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LRCX. Fisher Asset Management LLC boosted its position in Lam Research by 892.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock valued at $1,341,902,000 after acquiring an additional 16,706,708 shares in the last quarter. Amundi grew its stake in Lam Research by 7,601.9% in the fourth quarter. Amundi now owns 12,945,172 shares of the semiconductor company's stock worth $990,464,000 after purchasing an additional 12,777,094 shares during the period. Bank of New York Mellon Corp raised its holdings in Lam Research by 860.4% in the fourth quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock worth $851,361,000 after purchasing an additional 10,559,508 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lam Research by 931.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,482,429 shares of the semiconductor company's stock valued at $612,686,000 after buying an additional 7,659,830 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Lam Research by 843.4% during the 4th quarter. Swiss National Bank now owns 3,661,500 shares of the semiconductor company's stock valued at $264,470,000 after buying an additional 3,273,400 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related 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 transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by insiders.

Lam Research Stock Performance

NASDAQ LRCX traded down $0.32 on Tuesday, hitting $77.67. 6,436,759 shares of the company traded hands, compared to its average volume of 11,065,382. The business's 50 day moving average price is $79.75 and its 200-day moving average price is $77.31. Lam Research Co. has a 52-week low of $68.87 and a 52-week 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 company has a market capitalization of $99.70 billion, a price-to-earnings 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 analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is 27.96%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and upped their price target for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a report on Friday, January 17th. Finally, Oppenheimer began coverage on shares of Lam Research in a research note on Thursday, March 20th. They issued an "outperform" rating and a $95.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.06.

Lam Research Company 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.