Teachers Retirement System of The State of Kentucky Has $6.98 Million Position in Lam Research Co. (NASDAQ:LRCX)

Teachers Retirement System of The State of Kentucky grew its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 874.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,668 shares of the semiconductor company's stock after buying an additional 86,751 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Lam Research were worth $6,983,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Parisi Gray Wealth Management lifted its position in shares of 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 in the last quarter. Burns J W & Co. Inc. NY bought a new position in Lam Research in the 4th quarter worth approximately $815,000. Centerpoint Advisors LLC lifted its holdings in Lam Research by 900.0% during the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after buying an additional 900 shares in the last quarter. Transform Wealth LLC bought a new position in Lam Research in the fourth quarter valued at about $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new position in shares of Lam Research in the 4th quarter valued at about $4,258,000. 84.61% of the stock is owned by institutional investors.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded up $0.52 during midday trading on Friday, hitting $71.42. 9,749,642 shares of the company's stock were exchanged, compared to its average volume of 12,138,062. 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 market capitalization of $91.68 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The company's 50 day moving average price is $73.15 and its 200 day moving average price is $75.48.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.29%. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research report on Thursday. The Goldman Sachs Group dropped their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Jefferies Financial Group boosted their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Finally, Barclays decreased their price objective on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $92.70.

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.