National Pension Service Buys 6,151 Shares of Lam Research Co. (NASDAQ:LRCX)

National Pension Service increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,699 shares of the semiconductor company's stock after buying an additional 6,151 shares during the period. National Pension Service owned 0.20% of Lam Research worth $202,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC acquired a new position in Lam Research during the 4th quarter worth about $30,000. Orion Capital Management LLC acquired a new position in Lam Research during the 3rd quarter valued at about $25,000. BluePath Capital Management LLC acquired a new position in Lam Research during the 3rd quarter valued at about $28,000. Asset Dedication LLC lifted 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 valued at $30,000 after purchasing an additional 17 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in Lam Research during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays upped their target price 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. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $1,100.00 price target on shares of Lam Research in a research note on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on Lam Research from $900.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. The Goldman Sachs Group upped their price target on Lam Research from $700.00 to $912.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Finally, Citigroup upped their price target on Lam Research from $975.00 to $1,025.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $950.85.

Insider Activity at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 882 shares of the firm's 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 completion of the transaction, the director now directly owns 10,541 shares of the company's stock, valued at $10,246,168.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction 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 $10,246,168.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patrick J. Lord sold 60 shares of Lam Research stock in a transaction on Monday, April 29th. The stock was sold at an average price of $921.54, for a total transaction of $55,292.40. Following the transaction, the executive vice president now directly owns 4,454 shares of the company's stock, valued at $4,104,539.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,489 shares of company stock valued at $6,978,065. 0.32% of the stock is owned by corporate insiders.

Lam Research Stock Down 0.6 %

Shares of NASDAQ LRCX traded down $5.74 during midday trading on Thursday, reaching $907.54. The company's stock had a trading volume of 576,274 shares, compared to its average volume of 1,048,280. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. Lam Research Co. has a fifty-two week low of $520.05 and a fifty-two week high of $1,007.39. The stock has a market capitalization of $118.65 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.82 and a beta of 1.51. The stock has a 50 day simple moving average of $940.52 and a 200-day simple moving average of $825.36.

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

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.