XTX Topco Ltd Purchases 10,574 Shares of Lam Research Co. (NASDAQ:LRCX)

XTX Topco Ltd lifted its position in Lam Research Co. (NASDAQ:LRCX) by 761.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,962 shares of the semiconductor company’s stock after acquiring an additional 10,574 shares during the quarter. XTX Topco Ltd’s holdings in Lam Research were worth $864,000 as of its most recent SEC filing.

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

Insider Activity 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 completion of the transaction, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Stock Down 4.8 %

LRCX stock opened at $65.14 on Thursday. The firm has a market cap of $83.62 billion, a PE ratio of 19.79, a P/E/G ratio of 1.47 and a beta of 1.52. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00. The firm’s fifty day moving average is $75.58 and its 200 day moving average is $76.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 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%. On average, research analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.41%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Tuesday, February 18th. UBS Group lowered their price objective on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday. Finally, Stifel Nicolaus lowered their price target on Lam Research from $100.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.87.

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.