4D Advisors LLC Buys Shares of 50,000 Lam Research Co. (NASDAQ:LRCX)

4D Advisors LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the semiconductor company’s stock, valued at approximately $3,612,000. Lam Research accounts for approximately 2.5% of 4D Advisors LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other large investors have also made changes to their positions in LRCX. Financial Perspectives Inc grew its holdings in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Fairway Wealth LLC boosted its position 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 worth $25,000 after buying an additional 306 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in Lam Research in the 4th quarter valued at about $27,000. Midwest Capital Advisors LLC purchased a new position in Lam Research during the 4th quarter valued at about $27,000. Finally, West Paces Advisors Inc. acquired a new position in Lam Research during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by insiders.

Lam Research Price Performance

LRCX stock opened at $71.73 on Friday. The stock has a 50-day simple moving average of $71.95 and a 200-day simple moving average of $75.15. The firm has a market cap of $91.75 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00.

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

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 25.63%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LRCX shares. Deutsche Bank Aktiengesellschaft set a $70.00 target price on Lam Research and gave the company a “hold” rating in a research note on Thursday, April 24th. B. Riley reaffirmed a “buy” rating on shares of Lam Research in a research note on Thursday, April 24th. Jefferies Financial Group boosted their target price on shares of Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 28th. TD Securities decreased their price target on shares of Lam Research from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

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.