MGO One Seven LLC Takes Position in Lam Research Co. (NASDAQ:LRCX)

MGO One Seven LLC acquired a new position in Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,841 shares of the semiconductor company's stock, valued at approximately $1,144,000.

A number of other institutional investors have also recently bought and sold shares of the business. Pinebridge Investments L.P. raised its holdings in shares of Lam Research by 964.7% during the fourth quarter. Pinebridge Investments L.P. now owns 697,769 shares of the semiconductor company's stock worth $50,400,000 after acquiring an additional 632,234 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Lam Research by 305.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,874,358 shares of the semiconductor company's stock worth $207,615,000 after purchasing an additional 2,165,218 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of Lam Research by 1,692.8% during the 4th quarter. Dark Forest Capital Management LP now owns 12,478 shares of the semiconductor company's stock valued at $901,000 after buying an additional 11,782 shares during the last quarter. Quantessence Capital LLC bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $3,030,000. Finally, Alta Advisers Ltd increased its holdings in Lam Research by 970.0% in the fourth quarter. Alta Advisers Ltd now owns 4,280 shares of the semiconductor company's stock worth $309,000 after buying an additional 3,880 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Lam Research stock traded down $0.05 on Wednesday, hitting $70.85. The company's stock had a trading volume of 5,937,345 shares, compared to its average volume of 12,098,068. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00. The firm has a market cap of $90.95 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. 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 company has a fifty day moving average price of $72.46 and a 200-day moving average price of $75.27.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.30%. Lam Research's payout ratio is presently 25.63%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LRCX. TD Securities dropped their price target on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Argus raised Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Bank of America lowered their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.56.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

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.