O Shaughnessy Asset Management LLC Buys Shares of 125,639 Lam Research Co. (NASDAQ:LRCX)

O Shaughnessy Asset Management LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 125,639 shares of the semiconductor company's stock, valued at approximately $9,075,000.

Several other large investors have also recently bought and sold shares of LRCX. Parisi Gray Wealth Management grew its holdings in Lam Research by 652.9% during the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after purchasing an additional 7,241 shares during the period. Burns J W & Co. Inc. NY acquired a new position in shares of Lam Research in the fourth quarter valued at about $815,000. Centerpoint Advisors LLC raised its stake in Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 900 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Lam Research by 51.9% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company's stock valued at $175,800,000 after purchasing an additional 73,648 shares during the period. Finally, Benjamin Edwards Inc. grew its position in shares of Lam Research by 4,085.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company's stock worth $10,932,000 after purchasing an additional 13,075 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 1.3 %

Shares of Lam Research stock traded up $0.95 during trading on Wednesday, reaching $73.78. 7,606,426 shares of the company traded hands, compared to its average volume of 11,711,904. 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 firm has a market capitalization of $94.71 billion, a PE ratio of 22.41, a P/E/G ratio of 1.47 and a beta of 1.53. The company has a 50 day moving average price of $78.99 and a 200-day moving average price of $77.28. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00.

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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 analysts' consensus estimates 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, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.25%. Lam Research's payout ratio is 27.96%.

Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $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 is available at this link. Insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Oppenheimer initiated coverage on shares of Lam Research in a report on Thursday, March 20th. They issued an "outperform" rating and a $95.00 target price on the stock. Morgan Stanley upped their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Jefferies Financial Group raised their target price on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Finally, Wells Fargo & Company boosted their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $97.59.

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.