Lam Research Co. (NASDAQ:LRCX) Stock Holdings Lifted by Ethic Inc.

Ethic Inc. lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,190.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,206 shares of the semiconductor company's stock after buying an additional 173,620 shares during the period. Ethic Inc.'s holdings in Lam Research were worth $13,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC boosted its holdings in shares of 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 acquiring an additional 306 shares in the last quarter. Financial Perspectives Inc boosted its holdings in shares of Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares in the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. West Paces Advisors Inc. purchased a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This represents 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 currently owned by insiders.

Lam Research Stock Up 9.1%

LRCX traded up $6.89 during trading hours on Monday, reaching $82.25. 17,453,569 shares of the stock traded hands, compared to its average volume of 12,238,263. The firm's fifty day simple moving average is $71.56 and its two-hundred day simple moving average is $75.19. The company has a market cap of $105.21 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The business 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 business's revenue was up 24.4% on a year-over-year basis. During the same period last year, the business earned $7.79 EPS. As a group, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LRCX has been the topic of several analyst reports. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Morgan Stanley boosted their price objective on shares of Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Oppenheimer decreased their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. TD Securities decreased their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Bank of America decreased their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.