Axa S.A. Has $39.89 Million Position in Lam Research Co. (NASDAQ:LRCX)

AXA S.A. boosted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,337.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 552,232 shares of the semiconductor company's stock after purchasing an additional 513,819 shares during the quarter. AXA S.A.'s holdings in Lam Research were worth $39,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC grew 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 purchasing an additional 306 shares during the period. Financial Perspectives Inc boosted its holdings in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research during the 4th quarter valued at $27,000. West Paces Advisors Inc. acquired a new stake in shares of Lam Research during the 4th quarter worth $27,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Lam Research in the 4th quarter worth about $27,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm'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 value 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 trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, April 24th. Oppenheimer lowered their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, April 11th. UBS Group cut their target price on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley upped their price target on shares of Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Finally, B. Riley restated a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.56.

Lam Research Stock Up 2.8 %

LRCX traded up $2.08 during midday trading on Wednesday, hitting $75.24. 9,984,196 shares of the company's stock traded hands, compared to its average volume of 12,142,450. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a market cap of $96.24 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The stock's fifty day simple moving average is $71.62 and its 200-day simple moving average is $75.16. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share 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 return on equity of 51.86% and a net margin of 26.49%. The business's revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company earned $7.79 earnings per share. As a group, equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

About Lam Research

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.