Banque Transatlantique SA Purchases New Holdings in Lam Research Co. (NASDAQ:LRCX)

Banque Transatlantique SA purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,035 shares of the semiconductor company's stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Vanguard Group Inc. increased its holdings in Lam Research by 892.7% in the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock valued at $8,724,498,000 after purchasing an additional 108,619,564 shares in the last quarter. FMR LLC raised its holdings in shares of Lam Research by 1,032.6% during the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after buying an additional 36,496,689 shares during the period. Ameriprise Financial Inc. lifted its position in Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after acquiring an additional 31,255,726 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lam Research by 907.1% in the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock worth $2,265,610,000 after acquiring an additional 28,307,499 shares during the period. Finally, Norges Bank acquired a new stake in Lam Research in the fourth quarter valued at approximately $1,661,672,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

Lam Research stock traded up $2.08 on Wednesday, hitting $75.24. The company's stock had a trading volume of 9,984,196 shares, compared to its average volume of 12,164,029. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00. The firm has a market cap of $96.24 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $71.62 and a 200-day moving average price of $75.16.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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 during 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%. The company's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.79 earnings per share. On average, equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Oppenheimer cut their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Argus upgraded Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Finally, TD Securities reduced their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Seven research 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.56.

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 that occurred on 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 owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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.