Trexquant Investment LP Has $41.45 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Trexquant Investment LP raised its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 3,823.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 573,804 shares of the semiconductor company's stock after purchasing an additional 559,180 shares during the quarter. Lam Research comprises approximately 0.5% of Trexquant Investment LP's holdings, making the stock its 14th biggest holding. Trexquant Investment LP's holdings in Lam Research were worth $41,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Lam Research in the third quarter valued at approximately $220,000. Virtus Investment Advisers Inc. purchased a new position in shares of Lam Research in the 3rd quarter valued at $245,000. Fairway Wealth LLC lifted its holdings in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Financial Perspectives Inc boosted its position in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares during the period. Finally, Atwood & Palmer Inc. acquired a new stake in Lam Research in the 4th quarter valued at $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ LRCX traded up $0.95 during trading hours on Wednesday, reaching $73.78. The company's stock had a trading volume of 7,606,426 shares, compared to its average volume of 11,711,904. The stock has a market cap of $94.71 billion, a PE ratio of 22.41, a PEG ratio of 1.47 and a beta of 1.53. The business has a 50-day simple moving average of $78.99 and a 200 day simple moving average of $77.28. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

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Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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%. Equities research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.25%. The ex-dividend date is Wednesday, March 5th. Lam Research's payout ratio is currently 27.96%.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on LRCX shares. Wells Fargo & Company boosted their price objective on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. The Goldman Sachs Group reduced their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Oppenheimer started coverage on shares of Lam Research in a report on Thursday, March 20th. They set an "outperform" rating and a $95.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.59.

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.