XTX Topco Ltd Acquires 10,574 Shares of Lam Research Co. (NASDAQ:LRCX)

XTX Topco Ltd grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 761.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,962 shares of the semiconductor company's stock after purchasing an additional 10,574 shares during the quarter. XTX Topco Ltd's holdings in Lam Research were worth $864,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Fairway Wealth LLC increased its holdings in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares in the last quarter. Financial Perspectives Inc raised its stake in Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Atwood & Palmer Inc. purchased a new position in Lam Research in the 4th quarter valued at about $27,000. Midwest Capital Advisors LLC acquired a new stake in shares of Lam Research during the 4th quarter worth about $27,000. Finally, Bell Investment Advisors Inc raised its position in shares of Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after buying an additional 343 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on LRCX. Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and upped their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Cantor Fitzgerald reissued an "overweight" rating and set a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Finally, Bank of America decreased their target price on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $93.87.

Lam Research Trading Up 2.0 %

Shares of Lam Research stock traded up $1.25 during trading on Tuesday, hitting $63.64. The company's stock had a trading volume of 2,547,567 shares, compared to its average volume of 12,116,925. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. 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 stock has a market cap of $81.69 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The stock has a 50-day moving average price of $74.41 and a two-hundred day moving average price of $75.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Equities research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.45%. Lam Research's dividend payout ratio is 27.96%.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by insiders.

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.