Lam Research Co. (NASDAQ:LRCX) Shares Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 875.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,841 shares of the semiconductor company's stock after acquiring an additional 7,037 shares during the quarter. First Manhattan CO. LLC.'s holdings in Lam Research were worth $568,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LRCX. Diversified Trust Co grew its position in Lam Research by 8.3% in the fourth quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock valued at $270,000 after acquiring an additional 286 shares in the last quarter. ORG Partners LLC grew its position in Lam Research by 900.0% in 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 in the last quarter. Harbor Capital Advisors Inc. grew its position in 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 grew its position in 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 acquiring an additional 252,420 shares in the last quarter. Finally, Paragon Advisors LLC grew its position in 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 acquiring an additional 31,148 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated 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 sale, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Lam Research Stock Performance

LRCX stock opened at $75.43 on Monday. 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 stock has a market capitalization of $96.48 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The stock's fifty day moving average is $71.56 and its two-hundred day moving average is $75.19.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business posted $7.79 earnings per share. On average, research analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on LRCX shares. Stifel Nicolaus decreased their price target on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on shares of Lam Research and gave the stock a "hold" rating in a research report on Thursday, April 24th. Bank of America decreased their price target on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. TD Cowen decreased their price target on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group decreased their price target on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Company 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.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.