Mariner LLC Buys 835,135 Shares of Lam Research Co. (NASDAQ:LRCX)

Mariner LLC grew its position in Lam Research Co. (NASDAQ:LRCX) by 902.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 927,657 shares of the semiconductor company’s stock after buying an additional 835,135 shares during the period. Mariner LLC owned 0.07% of Lam Research worth $67,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Parisi Gray Wealth Management increased its holdings in Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY bought a new stake in Lam Research in the 4th quarter valued at approximately $815,000. Centerpoint Advisors LLC boosted its holdings in Lam Research by 900.0% during the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 900 shares during the last quarter. Transform Wealth LLC acquired a new position in shares of Lam Research during the 4th quarter worth about $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new position in Lam Research in the fourth quarter valued at approximately $4,258,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LRCX. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Jefferies Financial Group increased their price objective on Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 28th. UBS Group dropped their price target on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday. Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Finally, Barclays cut their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.68.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

Shares of LRCX opened at $67.86 on Tuesday. The company has a market capitalization of $87.11 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The business has a 50-day moving average of $76.21 and a 200-day moving average of $76.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly 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 return on equity of 51.86% and a net margin of 26.49%. As a group, equities research analysts anticipate that Lam Research Co. will post 3.71 earnings per share 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 1.36%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) 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.