Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 8,308.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,622 shares of the semiconductor company’s stock after purchasing an additional 233,808 shares during the period. Lam Research accounts for 0.6% of Quantbot Technologies LP’s holdings, making the stock its 9th biggest position. Quantbot Technologies LP’s holdings in Lam Research were worth $17,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Insight Wealth Partners LLC purchased a new position in shares of Lam Research during the 3rd quarter worth $202,000. B&L Asset Management LLC acquired a new stake in shares of Lam Research in the 3rd quarter valued at about $204,000. Dynamic Technology Lab Private Ltd purchased a new stake in Lam Research in the 3rd quarter valued at $220,000. Concorde Asset Management LLC purchased a new stake in shares of Lam Research in the third quarter valued at about $242,000. Finally, Virtus Investment Advisers Inc. purchased a new position in shares of Lam Research during the third quarter worth about $245,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 2.2 %

Shares of NASDAQ LRCX opened at $75.84 on Friday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a market cap of $97.35 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.47 and a beta of 1.53. The firm has a 50 day moving average price of $79.62 and a 200 day moving average price of $77.32.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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%. Analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a research note on Tuesday, February 18th. Susquehanna upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Morgan Stanley raised their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Barclays dropped their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $98.06.

About Lam Research

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.