Jefferies Financial Group Inc. Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Jefferies Financial Group Inc. boosted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,195.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 92,203 shares of the semiconductor company's stock after acquiring an additional 85,086 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Lam Research were worth $6,660,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in shares of Lam Research by 8.3% during the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock worth $270,000 after purchasing an additional 286 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Lam Research by 900.0% during the fourth quarter. ORG Partners LLC now owns 1,310 shares of the semiconductor company's stock valued at $95,000 after acquiring an additional 1,179 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Lam Research by 334.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 20,401 shares of the semiconductor company's stock valued at $1,474,000 after acquiring an additional 15,700 shares in the last quarter. Czech National Bank boosted its stake in shares of Lam Research by 950.4% in the fourth quarter. Czech National Bank now owns 278,979 shares of the semiconductor company's stock worth $20,151,000 after acquiring an additional 252,420 shares during the last quarter. Finally, Paragon Advisors LLC increased its position in shares of Lam Research by 1,401.8% during the fourth quarter. Paragon Advisors LLC now owns 33,370 shares of the semiconductor company's stock worth $2,410,000 after purchasing an additional 31,148 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 0.2%

Shares of Lam Research stock traded down $0.18 on Thursday, reaching $84.79. The company had a trading volume of 9,033,469 shares, compared to its average volume of 12,255,128. 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 firm has a market cap of $108.46 billion, a PE ratio of 25.76, a PEG ratio of 1.47 and a beta of 1.64. The firm's 50 day moving average price is $71.91 and its two-hundred day moving average price is $75.36. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company 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 earned $7.79 earnings per share. The firm's revenue was up 24.4% compared to the same quarter last year. Sell-side analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated 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 transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. The trade was a 38.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LRCX. TD Securities lowered their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target 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, April 15th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Bank of America cut their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, UBS Group decreased their target price on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.56.

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.