Lam Research Co. (NASDAQ:LRCX) is Baldwin Investment Management LLC's 10th Largest Position

Baldwin Investment Management LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 905.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,042 shares of the semiconductor company's stock after purchasing an additional 92,793 shares during the period. Lam Research accounts for approximately 1.0% of Baldwin Investment Management LLC's holdings, making the stock its 10th biggest holding. Baldwin Investment Management LLC's holdings in Lam Research were worth $7,443,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Financial Perspectives Inc raised its position in shares of Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares during the last quarter. Fairway Wealth LLC boosted its holdings in Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares during the last quarter. Atwood & Palmer Inc. acquired a new position in shares of Lam Research during the 4th quarter worth about $27,000. Midwest Capital Advisors LLC acquired a new position in shares of Lam Research during the 4th quarter worth about $27,000. Finally, West Paces Advisors Inc. acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 2.8 %

LRCX traded up $2.08 during trading on Wednesday, reaching $75.24. 9,984,196 shares of the stock traded hands, compared to its average volume of 12,164,029. The stock's 50-day moving average is $71.62 and its 200 day moving average is $75.16. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $96.24 billion, a PE ratio of 22.86, a P/E/G ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the firm posted $7.79 EPS. The company's quarterly revenue was up 24.4% on a year-over-year basis. Equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their target price 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. Cantor Fitzgerald reissued an "overweight" rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. B. Riley reaffirmed a "buy" rating on shares of Lam Research in a research note on Thursday, April 24th. Wells Fargo & Company cut their price target on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus reduced their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target 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.