4D Advisors LLC Buys Shares of 50,000 Lam Research Co. (NASDAQ:LRCX)

4D Advisors LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the semiconductor company's stock, valued at approximately $3,612,000. Lam Research accounts for approximately 2.5% of 4D Advisors LLC's investment portfolio, making the stock its 17th biggest position.

A number of other large investors have also made changes to their positions in LRCX. Wilmington Savings Fund Society FSB boosted its stake in shares of Lam Research by 383.7% during the 3rd 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. Synovus Financial Corp raised its holdings 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. Oddo BHF Asset Management Sas purchased a new stake in Lam Research during the third quarter worth $362,000. Versant Capital Management Inc acquired a new stake in Lam Research in the fourth quarter valued at $159,000. Finally, GAMMA Investing LLC increased its position in shares of Lam Research by 1,139.5% in the fourth quarter. GAMMA Investing LLC now owns 24,195 shares of the semiconductor company's stock valued at $1,748,000 after buying an additional 22,243 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Down 1.0 %

Shares of NASDAQ:LRCX traded down $0.75 during mid-day trading on Tuesday, hitting $73.16. 6,779,998 shares of the company traded hands, compared to its average volume of 12,132,291. The firm has a market cap of $93.58 billion, a P/E ratio of 22.22, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. The firm's 50 day simple moving average is $71.68 and its 200 day simple moving average is $75.17. 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 released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.79 EPS. On average, equities analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.26%. Lam Research's payout ratio is 25.63%.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wolfe Research lowered shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Jefferies Financial Group increased their price target on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, March 28th. Barclays cut their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Bank of America lowered their target price on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.56.

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.