Ancora Advisors LLC Acquires 3,881 Shares of Lam Research Co. (NASDAQ:LRCX)

Ancora Advisors LLC boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,396.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,159 shares of the semiconductor company's stock after purchasing an additional 3,881 shares during the period. Ancora Advisors LLC's holdings in Lam Research were worth $300,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LRCX. Financial Perspectives Inc increased its stake in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares during the last quarter. Fairway Wealth LLC raised its holdings in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the period. Atwood & Palmer Inc. acquired a new position in Lam Research during the fourth quarter valued at approximately $27,000. Midwest Capital Advisors LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $27,000. Finally, West Paces Advisors Inc. acquired a new position in shares of Lam Research during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business'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 transaction of $9,907,200.00. Following the sale, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent research reports. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a research note on Friday, January 17th. Bank of America lowered their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald restated an "overweight" rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, April 24th. Oppenheimer cut their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus lowered their target price on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Stock Performance

Shares of Lam Research stock traded up $0.53 during trading on Friday, hitting $75.43. 7,033,780 shares of the stock were exchanged, compared to its average volume of 12,188,843. 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 Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The stock's fifty day moving average is $71.56 and its 200 day moving average is $75.19. The stock has a market cap of $96.48 billion, a PE ratio of 22.91, a P/E/G ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Lam Research's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business earned $7.79 earnings per share. As a group, sell-side analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

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.