Seaview Investment Managers LLC Takes $295,000 Position in Lam Research Co. (NASDAQ:LRCX)

Seaview Investment Managers LLC purchased a new position in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,081 shares of the semiconductor company’s stock, valued at approximately $295,000.

Several other hedge funds have also recently bought and sold shares of LRCX. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Lam Research by 2,629.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,013 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 3,866 shares in the last quarter. MML Investors Services LLC grew its stake in Lam Research by 986.5% in the 4th quarter. MML Investors Services LLC now owns 79,926 shares of the semiconductor company’s stock valued at $5,773,000 after acquiring an additional 72,570 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Lam Research by 896.6% during the 4th quarter. MetLife Investment Management LLC now owns 397,218 shares of the semiconductor company’s stock valued at $28,691,000 after acquiring an additional 357,360 shares in the last quarter. Natixis raised its position in Lam Research by 1,387.8% during the fourth quarter. Natixis now owns 1,951,306 shares of the semiconductor company’s stock worth $140,943,000 after acquiring an additional 1,820,148 shares during the last quarter. Finally, Norinchukin Bank The lifted its holdings in shares of Lam Research by 979.8% in the fourth quarter. Norinchukin Bank The now owns 70,835 shares of the semiconductor company’s stock valued at $5,116,000 after purchasing an additional 64,275 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was 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 available at this link. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

LRCX has been the subject of several research reports. Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Bank of America cut their target price on shares of Lam Research from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.87.

Lam Research Stock Down 2.1 %

Shares of Lam Research stock opened at $63.76 on Friday. The company has a fifty day moving average price of $74.79 and a 200 day moving average price of $75.93. The stock has a market cap of $81.85 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. 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 released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Equities research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.44%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Lam Research Company 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.