Lam Research Co. (NASDAQ:LRCX) Stake Raised by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 856.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,830 shares of the semiconductor company’s stock after buying an additional 17,757 shares during the quarter. Quadrant Capital Group LLC’s holdings in Lam Research were worth $1,433,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zacks Investment Management raised its position in shares of Lam Research by 150.7% during the 3rd quarter. Zacks Investment Management now owns 1,336 shares of the semiconductor company’s stock worth $1,091,000 after buying an additional 803 shares in the last quarter. XTX Topco Ltd lifted its position in Lam Research by 111.9% in the third quarter. XTX Topco Ltd now owns 1,388 shares of the semiconductor company’s stock worth $1,133,000 after purchasing an additional 733 shares during the period. Main Management ETF Advisors LLC bought a new position in Lam Research during the 3rd quarter valued at $633,000. Nomura Asset Management Co. Ltd. increased its position in shares of Lam Research by 67.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 189,728 shares of the semiconductor company’s stock valued at $154,833,000 after purchasing an additional 76,752 shares during the period. Finally, Groupama Asset Managment raised its stake in shares of Lam Research by 7.8% in the 3rd quarter. Groupama Asset Managment now owns 24,921 shares of the semiconductor company’s stock worth $203,000 after buying an additional 1,810 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $59.09 on Monday. The firm has a market cap of $75.85 billion, a P/E ratio of 17.95, a PEG ratio of 1.47 and a beta of 1.52. 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 fifty-two week low of $56.89 and a fifty-two week high of $113.00. The stock’s 50-day moving average is $78.26 and its two-hundred day moving average is $77.08.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is 27.96%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LRCX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Jefferies Financial Group lifted their price objective on shares of Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, March 28th. Barclays cut their target price on shares of 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Finally, Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and increased their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.59.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

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.