Oaktop Capital Management II L.P. Has $194.40 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Oaktop Capital Management II L.P. increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,691,460 shares of the semiconductor company's stock after acquiring an additional 2,422,314 shares during the quarter. Lam Research accounts for about 24.3% of Oaktop Capital Management II L.P.'s holdings, making the stock its 2nd largest position. Oaktop Capital Management II L.P. owned approximately 0.21% of Lam Research worth $194,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Occudo Quantitative Strategies LP lifted its holdings in shares of Lam Research by 646.2% in the fourth quarter. Occudo Quantitative Strategies LP now owns 51,961 shares of the semiconductor company's stock valued at $3,753,000 after purchasing an additional 44,998 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in Lam Research by 933.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 76,294 shares of the semiconductor company's stock valued at $5,511,000 after buying an additional 68,910 shares during the period. Obsidian Personal Planning Solutions LLC purchased a new stake in shares of Lam Research in the fourth quarter worth approximately $193,000. Maytus Capital Management LLC acquired a new stake in shares of Lam Research during the 4th quarter valued at $14,446,000. Finally, Meridiem Capital Partners LP acquired a new stake in Lam Research during the fourth quarter valued at $21,737,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX traded down $0.36 during trading hours on Friday, hitting $84.43. The stock had a trading volume of 10,088,878 shares, compared to its average volume of 12,283,580. The stock has a market capitalization of $108.00 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company's fifty day moving average is $72.13 and its two-hundred day moving average is $75.43. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company posted $7.79 earnings per share. On average, analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LRCX. Morgan Stanley increased their price objective on Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Stifel Nicolaus cut their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Argus upgraded shares of Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Mizuho upped their target price on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Oppenheimer reduced their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.56.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by insiders.

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.