Aware Super Pty Ltd as trustee of Aware Super Takes Position in Lam Research Co. (NASDAQ:LRCX)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 442,650 shares of the semiconductor company's stock, valued at approximately $31,973,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parisi Gray Wealth Management grew its position in Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after purchasing an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY acquired a new position in shares of Lam Research during the fourth quarter worth approximately $815,000. Centerpoint Advisors LLC grew its holdings in Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after buying an additional 900 shares in the last quarter. Transform Wealth LLC acquired a new stake in Lam Research in the 4th quarter valued at approximately $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new stake in Lam Research during the 4th quarter valued at $4,258,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Down 2.1 %

Shares of LRCX stock traded down $1.38 during trading on Friday, hitting $63.76. 13,845,188 shares of the company were exchanged, compared to its average volume of 12,150,980. The firm has a market capitalization of $81.85 billion, a price-to-earnings ratio of 19.37, a P/E/G 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. The business's 50-day simple moving average is $74.79 and its 200 day simple moving average is $75.96. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LRCX shares. Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Stifel Nicolaus lowered their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday. Oppenheimer reduced their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Finally, 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. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $93.87.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction dated 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 completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.