Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Marietta Investment Partners LLC

Marietta Investment Partners LLC lifted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 850.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,430 shares of the semiconductor company's stock after acquiring an additional 11,122 shares during the quarter. Marietta Investment Partners LLC's holdings in Lam Research were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Insight Wealth Partners LLC purchased a new stake in shares of Lam Research during the third quarter worth about $202,000. B&L Asset Management LLC purchased a new stake in Lam Research during the 3rd quarter worth approximately $204,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Lam Research during the third quarter valued at approximately $220,000. Concorde Asset Management LLC purchased a new position in shares of Lam Research in the third quarter valued at approximately $242,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of Lam Research in the third quarter worth approximately $245,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Down 2.0 %

Shares of LRCX traded down $1.53 during mid-day trading on Wednesday, hitting $76.14. 7,325,096 shares of the company's stock were exchanged, compared to its average volume of 11,058,665. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a market cap of $97.74 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.47 and a beta of 1.53. The stock's 50-day moving average is $79.75 and its 200-day moving average is $77.31. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

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Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly 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%. On average, sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Barclays dropped 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. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Mizuho boosted their target price on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $98.06.

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.