7,000 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Transce3nd LLC

Transce3nd LLC acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, Holdings Channel reports. The fund acquired 7,000 shares of the semiconductor company’s stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Seaview Investment Managers LLC bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $295,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Lam Research by 2,629.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,013 shares of the semiconductor company’s stock valued at $290,000 after purchasing an additional 3,866 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Lam Research by 986.5% in the 4th quarter. MML Investors Services LLC now owns 79,926 shares of the semiconductor company’s stock worth $5,773,000 after purchasing an additional 72,570 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Lam Research by 896.6% in the 4th quarter. MetLife Investment Management LLC now owns 397,218 shares of the semiconductor company’s stock worth $28,691,000 after purchasing an additional 357,360 shares in the last quarter. Finally, Natixis raised its stake in shares of Lam Research by 1,387.8% in the fourth quarter. Natixis now owns 1,951,306 shares of the semiconductor company’s stock worth $140,943,000 after purchasing an additional 1,820,148 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Friday, January 17th. Barclays dropped their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company boosted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Stifel Nicolaus lowered their price objective on shares of Lam Research from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Mizuho lifted their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.87.

Lam Research Trading Down 2.1 %

Shares of NASDAQ:LRCX opened at $63.76 on Friday. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The company has a market cap of $81.85 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The stock has a 50 day moving average of $74.79 and a 200 day moving average of $75.93. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, equities research analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, March 5th. Lam Research’s payout ratio is currently 27.96%.

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.