Signature Resources Capital Management LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Signature Resources Capital Management LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,200 shares of the semiconductor company's stock, valued at approximately $1,723,000. Lam Research accounts for 1.6% of Signature Resources Capital Management LLC's portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arlington Trust Co LLC increased its stake in Lam Research by 7.7% in the 4th quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company's stock worth $143,000 after buying an additional 13 shares in the last quarter. CNB Bank increased its holdings in shares of Lam Research by 1.4% in the fourth quarter. CNB Bank now owns 1,032 shares of the semiconductor company's stock worth $808,000 after purchasing an additional 14 shares during the last quarter. TRUE Private Wealth Advisors increased its holdings in shares of Lam Research by 4.1% in the fourth quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company's stock worth $296,000 after purchasing an additional 15 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of Lam Research by 56.7% in the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 17 shares during the last quarter. Finally, Western Financial Corp CA increased its holdings in shares of Lam Research by 1.7% in the fourth quarter. Western Financial Corp CA now owns 1,003 shares of the semiconductor company's stock worth $786,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 2.8 %

Shares of NASDAQ LRCX traded up $24.85 during trading hours on Friday, reaching $908.53. The stock had a trading volume of 875,385 shares, compared to its average volume of 1,105,338. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. The firm has a market cap of $119.11 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.82 and a beta of 1.51. The business's fifty day moving average price is $941.31 and its two-hundred day moving average price is $820.25. Lam Research Co. has a 52-week low of $507.19 and a 52-week high of $1,007.39.

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

Lam Research Announces Dividend

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

Insider Activity at Lam Research

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LRCX shares. Susquehanna reduced their target price on Lam Research from $880.00 to $850.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. Stifel Nicolaus lifted their target price on Lam Research from $950.00 to $1,050.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $1,100.00 target price on shares of Lam Research in a report on Thursday, April 25th. Raymond James lifted their price target on Lam Research from $850.00 to $950.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group lifted 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. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $950.85.

Lam Research 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.