Qtron Investments LLC Raises Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Qtron Investments LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 943.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,877 shares of the semiconductor company's stock after purchasing an additional 21,589 shares during the period. Qtron Investments LLC's holdings in Lam Research were worth $1,725,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Financial Perspectives Inc lifted its stake in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares during the last quarter. Fairway Wealth LLC grew its holdings in shares of 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. Atwood & Palmer Inc. acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. Midwest Capital Advisors LLC bought a new position in Lam Research in the 4th quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc boosted its position in 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 buying an additional 343 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction 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 transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LRCX. UBS Group dropped their price target on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday. The Goldman Sachs Group cut their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Barclays decreased their price target on 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. Oppenheimer cut their price objective on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.06.

Lam Research Stock Down 4.8 %

Lam Research stock traded down $3.30 during mid-day trading on Wednesday, reaching $65.14. The stock had a trading volume of 17,837,697 shares, compared to its average volume of 12,178,992. 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 fifty-two week low of $56.32 and a fifty-two week high of $113.00. The stock's 50-day simple moving average is $75.92 and its 200-day simple moving average is $76.24. The firm has a market capitalization of $83.62 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly 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 net margin of 26.49% and a return on equity of 51.86%. On average, sell-side analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.41%. Lam Research's payout ratio is 27.96%.

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.