Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 894.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,301 shares of the semiconductor company's stock after purchasing an additional 24,555 shares during the quarter. Twin Capital Management Inc.'s holdings in Lam Research were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. West Oak Capital LLC boosted its holdings in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 135 shares in the last quarter. Diversified Trust Co raised its position in shares of Lam Research by 8.3% in the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock valued at $270,000 after purchasing an additional 286 shares during the last quarter. McLean Asset Management Corp boosted its stake in Lam Research by 6.3% in the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 302 shares in the last quarter. Fairway Wealth LLC grew its position in Lam Research by 900.0% during the 4th 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. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

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Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's 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 completion of the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LRCX shares. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and boosted their price objective for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Jefferies Financial Group boosted their price target on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 28th. Mizuho raised their price objective on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group reduced their price target on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.87.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $1.05 during midday trading on Friday, reaching $67.48. 14,704,156 shares of the company's stock traded hands, compared to its average volume of 12,153,355. The company has a fifty day simple moving average of $76.49 and a two-hundred day simple moving average of $76.46. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The company has a market cap of $86.62 billion, a P/E ratio of 20.50, a PEG ratio of 1.47 and a beta of 1.52. 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 (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Equities analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid 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 1.36%. Lam Research's dividend payout ratio (DPR) is currently 27.96%.

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.