Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its position in Lam Research Co. (NASDAQ:LRCX) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,315 shares of the semiconductor company’s stock after acquiring an additional 151 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lam Research were worth $4,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in LRCX. Valued Wealth Advisors LLC acquired a new position in Lam Research during the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new stake in Lam Research in the third quarter valued at about $25,000. BluePath Capital Management LLC acquired a new stake in Lam Research in the third quarter valued at about $28,000. Asset Dedication LLC lifted its position in Lam Research by 56.7% in the third 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 stake in shares of Lam Research during the 4th quarter valued at approximately $38,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In related 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 transaction, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christina Corrreia sold 647 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the transaction, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is currently owned by corporate insiders.

Lam Research Trading Down 5.3 %

LRCX stock traded down $50.97 during midday trading on Wednesday, hitting $912.26. The stock had a trading volume of 1,668,586 shares, compared to its average volume of 1,026,565. The firm has a market cap of $119.60 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 3.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02. Lam Research Co. has a 12-month low of $482.74 and a 12-month high of $1,007.39. The company’s 50-day moving average price is $944.50 and its 200 day moving average price is $796.73.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the company earned $10.71 EPS. The business’s quarterly revenue was down 28.8% compared to the same quarter last year. On average, equities research analysts predict that Lam Research Co. will post 28.9 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.88%. Lam Research’s payout ratio is 30.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LRCX shares. Wells Fargo & Company lifted their price target on shares of Lam Research from $930.00 to $980.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Mizuho lifted their price target on shares of Lam Research from $900.00 to $935.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. TD Cowen lifted their price target on shares of Lam Research from $710.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Stifel Nicolaus lifted their price target on shares of Lam Research from $950.00 to $1,050.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Susquehanna lifted their price target on shares of Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $875.55.

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.