Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 755.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 101,156 shares of the semiconductor company’s stock after purchasing an additional 89,336 shares during the period. Vinva Investment Management Ltd’s holdings in Lam Research were worth $7,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

LRCX has been the subject of a number of recent analyst reports. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Morgan Stanley raised their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Mizuho raised their target price on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

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 dated 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 owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by company insiders.

Lam Research Trading Down 1.2 %

Lam Research stock opened at $77.36 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a market cap of $99.30 billion, a PE ratio of 23.50, a P/E/G ratio of 1.47 and a beta of 1.53. The stock has a 50-day moving average price of $79.57 and a 200 day moving average price of $77.36. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research 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 declared 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 1.19%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is 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.