Lam Research Co. (NASDAQ:LRCX) Stock Holdings Raised by Flputnam Investment Management Co.

Flputnam Investment Management Co. grew its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,301 shares of the semiconductor company's stock after purchasing an additional 2,105 shares during the quarter. Lam Research makes up about 1.1% of Flputnam Investment Management Co.'s investment portfolio, making the stock its 18th largest position. Flputnam Investment Management Co.'s holdings in Lam Research were worth $48,015,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Valued Wealth Advisors LLC bought a new position in shares of Lam Research during the 4th quarter valued at about $30,000. Orion Capital Management LLC bought a new position in Lam Research during the 3rd quarter worth approximately $25,000. BluePath Capital Management LLC bought a new position in Lam Research during the 3rd quarter worth approximately $28,000. Asset Dedication LLC grew its position in Lam Research by 56.7% during the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 17 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in Lam Research during the 3rd quarter worth approximately $30,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Down 1.1 %

NASDAQ:LRCX traded down $10.87 during trading hours on Monday, reaching $946.17. 769,135 shares of the company traded hands, compared to its average volume of 1,024,329. The business's 50-day moving average price is $941.93 and its two-hundred day moving average price is $794.36. The stock has a market capitalization of $124.04 billion, a P/E ratio of 36.59, a P/E/G ratio of 3.47 and a beta of 1.51. Lam Research Co. has a 1 year low of $482.74 and a 1 year high of $1,007.39. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 EPS for the quarter, topping the consensus estimate of $7.06 by $0.46. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the company posted $10.71 earnings per share. Lam Research's revenue was down 28.8% compared to the same quarter last year. Analysts predict that Lam Research Co. will post 28.9 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research's payout ratio is currently 30.94%.

Analyst Ratings Changes

Several equities analysts recently issued reports on LRCX shares. The Goldman Sachs Group raised their price target on Lam Research from $700.00 to $912.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Susquehanna increased their price objective on Lam Research from $655.00 to $880.00 and gave the stock a "neutral" rating in a report on Monday, January 29th. Citigroup increased their price objective on Lam Research from $800.00 to $975.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Needham & Company LLC increased their price objective on Lam Research from $800.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price objective on Lam Research from $850.00 to $950.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus target price of $848.27.

Insider Buying and Selling

In other news, CAO Christina Corrreia sold 647 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the transaction, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Christina Corrreia sold 647 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the transaction, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders sold 7,029 shares of company stock valued at $6,559,489 over the last 90 days. Company insiders own 0.32% of the company's stock.

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.