Seaview Investment Managers LLC Purchases Shares of 4,081 Lam Research Co. (NASDAQ:LRCX)

Seaview Investment Managers LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,081 shares of the semiconductor company's stock, valued at approximately $295,000.

Other large investors have also bought and sold shares of the company. Pine Valley Investments Ltd Liability Co grew its position in Lam Research by 48.3% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 11,464 shares of the semiconductor company's stock valued at $9,364,000 after purchasing an additional 3,732 shares during the period. Arvest Bank Trust Division acquired a new position in shares of Lam Research during the third quarter valued at about $18,106,000. Wilmington Savings Fund Society FSB increased its position in shares of Lam Research by 383.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,547 shares of the semiconductor company's stock worth $3,711,000 after acquiring an additional 3,607 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Lam Research by 409.6% in the 3rd quarter. Tidal Investments LLC now owns 37,420 shares of the semiconductor company's stock worth $30,538,000 after acquiring an additional 30,077 shares during the last quarter. Finally, Synovus Financial Corp lifted its position in Lam Research by 22.4% in the 3rd quarter. Synovus Financial Corp now owns 3,071 shares of the semiconductor company's stock valued at $2,508,000 after acquiring an additional 561 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the subject of several analyst reports. Evercore ISI increased their price objective on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research note on Thursday. B. Riley reissued a "buy" rating on shares of Lam Research in a research report on Thursday. Needham & Company LLC cut their price objective on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and increased their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Finally, Mizuho boosted their price target on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.80.

Lam Research Stock Up 1.1 %

Shares of LRCX stock traded up $0.77 during trading hours on Friday, hitting $71.67. 5,209,708 shares of the company's stock traded hands, compared to its average volume of 12,124,517. 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 stock has a market cap of $92.00 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.47 and a beta of 1.52. The stock's fifty day simple moving average is $73.45 and its two-hundred day simple moving average is $75.55. 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, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed 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 was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.28%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Insider Activity

In other 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 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 represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.29% of the company's stock.

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.