Stevens Capital Management LP Grows Holdings in Lam Research Co. (NASDAQ:LRCX)

Stevens Capital Management LP raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,720.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,773 shares of the semiconductor company's stock after buying an additional 7,346 shares during the period. Stevens Capital Management LP's holdings in Lam Research were worth $561,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Insight Wealth Partners LLC purchased a new stake in Lam Research in the 3rd quarter worth $202,000. B&L Asset Management LLC purchased a new stake in shares of Lam Research during the third quarter worth about $204,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Lam Research during the 3rd quarter worth about $220,000. Virtus Investment Advisers Inc. purchased a new position in Lam Research in the 3rd quarter valued at about $245,000. Finally, Qsemble Capital Management LP acquired a new stake in Lam Research in the 3rd quarter worth about $267,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Oppenheimer initiated coverage on shares of Lam Research in a research note on Thursday, March 20th. They set an "outperform" rating and a $95.00 target price on the stock. Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Barclays cut their price objective on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $98.06.

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Lam Research Stock Down 2.0 %

Shares of NASDAQ LRCX traded down $1.50 during midday trading on Thursday, hitting $74.65. The company's stock had a trading volume of 2,606,436 shares, compared to its average volume of 11,026,201. The business's fifty day simple moving average is $79.75 and its two-hundred day simple moving average is $77.33. The firm has a market capitalization of $95.82 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. 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 1 year low of $68.87 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping 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%. On average, equities analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.23%. Lam Research's payout ratio is currently 27.96%.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.29% of the company's stock.

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.