OMERS ADMINISTRATION Corp Acquires 68,910 Shares of Lam Research Co. (NASDAQ:LRCX)

OMERS ADMINISTRATION Corp boosted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 933.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,294 shares of the semiconductor company's stock after buying an additional 68,910 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Lam Research were worth $5,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Brookstone Capital Management boosted its holdings in shares of Lam Research by 339.3% in the fourth quarter. Brookstone Capital Management now owns 18,762 shares of the semiconductor company's stock worth $1,355,000 after acquiring an additional 14,491 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Lam Research by 1,376.7% in the fourth quarter. Capital Investment Advisors LLC now owns 35,293 shares of the semiconductor company's stock worth $2,549,000 after acquiring an additional 32,903 shares during the period. Thomasville National Bank boosted its holdings in shares of Lam Research by 907.4% in the fourth quarter. Thomasville National Bank now owns 8,180 shares of the semiconductor company's stock worth $591,000 after acquiring an additional 7,368 shares during the period. Eagle Bay Advisors LLC boosted its holdings in shares of Lam Research by 484.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 460 shares during the period. Finally, Salem Investment Counselors Inc. boosted its holdings in shares of Lam Research by 893.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 4,470 shares of the semiconductor company's stock worth $324,000 after acquiring an additional 4,020 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's 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 sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $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 accessible through this link. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

LRCX stock traded down $0.36 during mid-day trading on Friday, hitting $84.43. 10,088,878 shares of the stock were exchanged, compared to its average volume of 12,283,580. 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 business has a fifty day moving average price of $72.35 and a 200 day moving average price of $75.47. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The stock has a market capitalization of $108.00 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued 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 return on equity of 51.86% and a net margin of 26.49%. The company's revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.79 earnings per share. On average, sell-side analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of analyst reports. Argus raised Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Stifel Nicolaus cut their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company cut their price target on Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Mizuho lifted their price objective on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, TD Securities dropped their price objective 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 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

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.