Quadrant Capital Group LLC Acquires 17,757 Shares of Lam Research Co. (NASDAQ:LRCX)

Quadrant Capital Group LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 856.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,830 shares of the semiconductor company's stock after purchasing an additional 17,757 shares during the period. Quadrant Capital Group LLC's holdings in Lam Research were worth $1,433,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in Lam Research by 1,141.3% in the fourth quarter. Russell Investments Group Ltd. now owns 2,058,641 shares of the semiconductor company's stock valued at $148,687,000 after purchasing an additional 1,892,798 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Lam Research by 1,421.8% during the 4th quarter. Wedbush Securities Inc. now owns 16,512 shares of the semiconductor company's stock valued at $1,193,000 after buying an additional 15,427 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Lam Research during the fourth quarter worth $207,419,000. Perennial Investment Advisors LLC boosted its position in Lam Research by 869.2% in the 4th quarter. Perennial Investment Advisors LLC now owns 7,880 shares of the semiconductor company's stock valued at $569,000 after buying an additional 7,067 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in Lam Research by 900.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,097,665 shares of the semiconductor company's stock valued at $584,894,000 after purchasing an additional 7,287,866 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

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Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 completion of the transaction, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Lam Research Stock Up 1.6 %

Shares of NASDAQ:LRCX traded up $1.05 during midday trading on Friday, hitting $67.48. 14,704,156 shares of the stock were exchanged, compared to its average volume of 12,144,348. The company has a market capitalization of $86.62 billion, a PE ratio of 20.50, a P/E/G ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. The business's fifty day simple moving average is $76.49 and its two-hundred day simple moving average is $76.49.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio is currently 27.96%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LRCX. Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. The Goldman Sachs Group decreased their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Oppenheimer cut their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Finally, Wells Fargo & Company raised their price objective 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. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.87.

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.