Natixis Advisors L.P. Buys 1,768 Shares of Lam Research Co. (NASDAQ:LRCX)

Natixis Advisors L.P. increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 72,165 shares of the semiconductor company's stock after purchasing an additional 1,768 shares during the period. Natixis Advisors L.P. owned 0.06% of Lam Research worth $56,524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LRCX. International Assets Investment Management LLC grew its holdings in Lam Research by 76,165.7% during the fourth quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company's stock worth $249,099,000 after purchasing an additional 317,611 shares during the period. Cerity Partners LLC lifted its position in Lam Research by 1,125.6% during the fourth quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company's stock worth $267,984,000 after acquiring an additional 314,224 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Lam Research by 106.5% during the third quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company's stock worth $188,702,000 after acquiring an additional 155,240 shares during the last quarter. Northern Trust Corp lifted its position in Lam Research by 9.7% during the third quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company's stock worth $954,705,000 after acquiring an additional 134,558 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Lam Research by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company's stock worth $2,328,358,000 after acquiring an additional 85,855 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Insider Activity

In related news, Director Abhijit Y. Talwalkar sold 882 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the transaction, the director now directly owns 10,541 shares of the company's stock, valued at approximately $10,246,168.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Abhijit Y. Talwalkar sold 882 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the transaction, the director now directly owns 10,541 shares of the company's stock, valued at approximately $10,246,168.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares of the company's stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders sold 7,089 shares of company stock valued at $6,614,781 in the last three months. Company insiders own 0.32% of the company's stock.

Lam Research Stock Up 2.8 %

Shares of NASDAQ LRCX traded up $24.85 during trading on Friday, hitting $908.53. 875,237 shares of the company traded hands, compared to its average volume of 1,067,270. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82. Lam Research Co. has a fifty-two week low of $507.19 and a fifty-two week high of $1,007.39. The firm has a market capitalization of $119.11 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.70 and a beta of 1.51. The business's fifty day moving average is $941.71 and its 200 day moving average is $816.04.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping analysts' consensus estimates of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the business posted $6.99 EPS. The firm's revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research's dividend payout ratio is currently 29.42%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Susquehanna cut their price objective on shares of Lam Research from $880.00 to $850.00 and set a "neutral" rating for the company in a research report on Thursday, April 25th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $1,100.00 price target on shares of Lam Research in a research report on Thursday, April 25th. Raymond James lifted their price target on shares of Lam Research from $850.00 to $950.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. Needham & Company LLC reiterated a "buy" rating and issued a $1,030.00 price target on shares of Lam Research in a research report on Thursday, April 25th. Finally, Barclays lifted their price target on shares of Lam Research from $825.00 to $865.00 and gave the company an "equal weight" rating in a research report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $950.85.

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.

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