LSV Asset Management Sells 1,400 Shares of Lam Research Co. (NASDAQ:LRCX)

LSV Asset Management trimmed its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,800 shares of the semiconductor company's stock after selling 1,400 shares during the quarter. LSV Asset Management's holdings in Lam Research were worth $2,193,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bordeaux Wealth Advisors LLC bought a new position in shares of Lam Research during the fourth quarter worth approximately $224,000. Benjamin F. Edwards & Company Inc. grew its stake in Lam Research by 21.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,714 shares of the semiconductor company's stock worth $5,259,000 after buying an additional 1,188 shares in the last quarter. Summit Global Investments increased its holdings in Lam Research by 7.5% in the 4th quarter. Summit Global Investments now owns 1,567 shares of the semiconductor company's stock valued at $1,227,000 after buying an additional 110 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Lam Research by 4.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 92,936 shares of the semiconductor company's stock valued at $72,793,000 after buying an additional 4,193 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in shares of Lam Research by 2.5% during the 4th quarter. Natixis Advisors L.P. now owns 72,165 shares of the semiconductor company's stock worth $56,524,000 after acquiring an additional 1,768 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Trading Up 0.9 %

LRCX stock traded up $7.88 during trading on Friday, hitting $915.42. The company had a trading volume of 509,960 shares, compared to its average volume of 1,042,368. 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 one year low of $520.66 and a one year high of $1,007.39. The business has a 50-day moving average of $939.91 and a 200-day moving average of $825.93. The stock has a market cap of $119.68 billion, a PE ratio of 33.77, a PEG ratio of 2.82 and a beta of 1.51.

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

Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction 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 sale, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm'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 directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 10,541 shares of the company's stock, valued at $10,246,168.23. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $6,978,065 in the last 90 days. Corporate insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI initiated coverage on shares of Lam Research in a research report on Tuesday, April 16th. They set an "outperform" rating and a $1,200.00 price objective for the company. Barclays upped their price objective on Lam Research from $825.00 to $865.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 25th. Mizuho boosted their target price on Lam Research from $935.00 to $960.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised their price target on shares of Lam Research from $900.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Finally, Raymond James upped their price objective on shares of Lam Research from $850.00 to $950.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price 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.