Tema Etfs LLC Invests $452,000 in Lam Research Co. (NASDAQ:LRCX)

Tema Etfs LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,264 shares of the semiconductor company's stock, valued at approximately $452,000.

A number of other institutional investors have also added to or reduced their stakes in LRCX. Financial Perspectives Inc lifted its position in Lam Research by 908.8% during the fourth 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. Fairway Wealth LLC raised its holdings in Lam Research by 900.0% during the 4th 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 last quarter. Atwood & Palmer Inc. purchased a new stake in Lam Research during the 4th quarter valued at $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research in the 4th quarter worth $27,000. Finally, West Paces Advisors Inc. purchased a new position in shares of Lam Research in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LRCX shares. UBS Group cut their target price on Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Argus upgraded Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Jefferies Financial Group raised their price target on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Barclays reduced their price objective on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Bank of America cut their target price on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 directly owns 179,084 shares of the company's stock, valued at $16,117,560. This trade represents a 38.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Stock Down 1.8%

Shares of LRCX traded down $1.50 during trading hours on Wednesday, hitting $82.79. The company had a trading volume of 8,079,082 shares, compared to its average volume of 12,260,483. The stock has a market capitalization of $105.90 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 1.47 and a beta of 1.64. The firm has a fifty day moving average price of $72.68 and a 200-day moving average price of $75.59. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. 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 data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. During the same period in the prior year, the firm posted $7.79 EPS. The firm's quarterly revenue was up 24.4% on a year-over-year basis. On average, equities research analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Lam Research's dividend payout ratio is currently 25.63%.

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.