Rathbones Group PLC Boosts Holdings in Lam Research Co. (NASDAQ:LRCX)

Rathbones Group PLC lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 919.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,170 shares of the semiconductor company's stock after purchasing an additional 3,761 shares during the quarter. Rathbones Group PLC's holdings in Lam Research were worth $301,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Financial Perspectives Inc increased its position in Lam Research by 908.8% during the 4th 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 period. Fairway Wealth LLC grew 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 acquiring an additional 306 shares during the period. Atwood & Palmer Inc. purchased a new position in Lam Research in the fourth quarter worth $27,000. Midwest Capital Advisors LLC acquired a new stake in Lam Research in the fourth quarter valued at $27,000. Finally, Bell Investment Advisors Inc boosted its position in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 343 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction 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 directly owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

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Lam Research Trading Up 1.6 %

LRCX stock traded up $1.05 on Friday, hitting $67.48. 14,704,156 shares of the company were exchanged, compared to its average volume of 12,144,348. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The stock has a market capitalization of $86.62 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The business's fifty day moving average is $76.49 and its two-hundred day moving average is $76.49.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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 forecast 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 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 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's payout ratio is currently 27.96%.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent analyst reports. Barclays reduced 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 research note on Friday, January 17th. Cantor Fitzgerald reissued an "overweight" rating and set a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a report on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Finally, Wells Fargo & Company upped their target price on Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $96.87.

Lam Research 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.