Bessemer Group Inc. Has $6.26 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Bessemer Group Inc. grew its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 86,609 shares of the semiconductor company's stock after purchasing an additional 13,452 shares during the quarter. Bessemer Group Inc.'s holdings in Lam Research were worth $6,256,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LRCX. Fairway Wealth LLC boosted its holdings in Lam Research by 900.0% during the fourth 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. Financial Perspectives Inc boosted its position in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the period. Atwood & Palmer Inc. acquired a new stake in shares of Lam Research during the fourth quarter valued at approximately $27,000. Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at $27,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LRCX. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and upped their target price for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Jefferies Financial Group increased their target price on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Mizuho increased their price objective on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.87.

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Lam Research Trading Down 1.5 %

Shares of Lam Research stock traded down $0.95 during trading on Thursday, reaching $64.19. 5,263,851 shares of the company were exchanged, compared to its average volume of 12,180,306. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The business has a 50-day moving average price of $75.58 and a 200-day moving average price of $76.17. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $82.40 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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%. Sell-side analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 completion of the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

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.