XTX Topco Ltd Increases Stock Position in Lam Research Co. (NASDAQ:LRCX)

XTX Topco Ltd increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 761.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,962 shares of the semiconductor company's stock after buying an additional 10,574 shares during the quarter. XTX Topco Ltd's holdings in Lam Research were worth $864,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LRCX. Pine Valley Investments Ltd Liability Co lifted its position in Lam Research by 48.3% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,464 shares of the semiconductor company's stock worth $9,364,000 after purchasing an additional 3,732 shares during the period. Arvest Bank Trust Division acquired a new stake in shares of Lam Research during the 3rd quarter worth approximately $18,106,000. Wilmington Savings Fund Society FSB increased its stake in Lam Research by 383.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,547 shares of the semiconductor company's stock valued at $3,711,000 after acquiring an additional 3,607 shares during the last quarter. Tidal Investments LLC raised its position in Lam Research by 409.6% during the third quarter. Tidal Investments LLC now owns 37,420 shares of the semiconductor company's stock valued at $30,538,000 after purchasing an additional 30,077 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in Lam Research by 22.4% during the third quarter. Synovus Financial Corp now owns 3,071 shares of the semiconductor company's stock worth $2,508,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 2.1 %

Shares of Lam Research stock traded down $1.38 on Friday, reaching $63.76. 13,845,188 shares of the company's stock were exchanged, compared to its average volume of 12,145,383. The company has a market capitalization of $81.85 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm's 50-day moving average is $74.79 and its two-hundred day moving average is $75.93.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping 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%. Sell-side 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 $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.44%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent analyst reports. UBS Group decreased their price target on Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Jefferies Financial Group increased their target price on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Bank of America decreased their price target on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Mizuho increased their price objective on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.87.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated 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 directly owns 179,084 shares of the company's stock, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.29% of the company's stock.

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.