Menora Mivtachim Holdings LTD. Acquires New Holdings in Lam Research Co. (NASDAQ:LRCX)

Menora Mivtachim Holdings LTD. purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,381,450 shares of the semiconductor company's stock, valued at approximately $99,782,000. Menora Mivtachim Holdings LTD. owned about 0.11% of Lam Research as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of LRCX. West Oak Capital LLC increased its holdings in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after buying an additional 135 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Lam Research by 8.3% in the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock valued at $270,000 after acquiring an additional 286 shares during the last quarter. McLean Asset Management Corp raised its position in shares of Lam Research by 6.3% during the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after acquiring an additional 302 shares in the last quarter. Fairway Wealth LLC lifted its stake 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 purchasing an additional 306 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its holdings in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 307 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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Lam Research Trading Up 0.9 %

LRCX stock traded up $0.58 during trading on Tuesday, hitting $68.44. The company had a trading volume of 10,663,009 shares, compared to its average volume of 12,156,434. The stock has a market cap of $87.85 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.47 and a beta of 1.52. 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 50-day moving average price of $75.92 and a 200-day moving average price of $76.24. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00.

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 (EPS) for the quarter, beating 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, analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio is 27.96%.

Insider Buying and Selling

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's 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 transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target 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. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Barclays lowered their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. KeyCorp raised 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. Finally, Stifel Nicolaus lowered their price objective on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $95.30.

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.