Lam Research Co. (NASDAQ:LRCX) Shares Bought by Needham Investment Management LLC

Needham Investment Management LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the semiconductor company's stock after acquiring an additional 22,500 shares during the period. Needham Investment Management LLC's holdings in Lam Research were worth $1,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised 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 buying an additional 15,700 shares during the last quarter. Czech National Bank raised its position 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 valued at $20,151,000 after buying an additional 252,420 shares during the last quarter. Paragon Advisors LLC raised its position in shares of Lam Research by 1,401.8% in the fourth quarter. Paragon Advisors LLC now owns 33,370 shares of the semiconductor company's stock valued at $2,410,000 after buying an additional 31,148 shares during the last quarter. Green Alpha Advisors LLC raised its position in shares of Lam Research by 851.4% in the fourth quarter. Green Alpha Advisors LLC now owns 24,659 shares of the semiconductor company's stock valued at $1,781,000 after buying an additional 22,067 shares during the last quarter. Finally, Brookstone Capital Management raised its position 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 valued at $1,355,000 after buying an additional 14,491 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Bank of America lowered their target price 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. Needham & Company LLC lowered their target price 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. Argus upgraded shares of Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Finally, Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and boosted their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Seven 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $91.56.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07% decrease in their ownership of the stock. 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 Stock Down 0.4%

Shares of LRCX stock traded down $0.36 on Friday, hitting $84.43. The stock had a trading volume of 10,088,878 shares, compared to its average volume of 12,283,580. The firm has a market capitalization of $108.00 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.47 and a beta of 1.64. The stock's 50 day moving average is $72.13 and its 200-day moving average is $75.43. 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 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 announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.79 earnings per share. As a group, research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

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.