Parkwood LLC Acquires Shares of 140,490 Lam Research Co. (NASDAQ:LRCX)

Parkwood LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 140,490 shares of the semiconductor company’s stock, valued at approximately $10,148,000.

Several other hedge funds have also recently modified their holdings of the company. McLean Asset Management Corp increased its holdings in Lam Research by 6.3% in the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company’s stock worth $370,000 after acquiring an additional 302 shares during the last quarter. Fairway Wealth LLC raised its holdings in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 307 shares during the last quarter. Financial Perspectives Inc grew its holdings in shares of Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LRCX shares. Oppenheimer cut their price target on shares of Lam Research from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Argus raised shares of Lam Research to a “strong-buy” rating in a research note on Friday, April 25th. Stifel Nicolaus lowered their target price on Lam Research from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Mizuho upped their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and raised their price target for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.56.

Insider Buying and Selling

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s 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 transaction, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

Lam Research Trading Up 3.6%

Shares of NASDAQ:LRCX opened at $85.25 on Wednesday. The stock’s 50-day simple moving average is $71.79 and its two-hundred day simple moving average is $75.29. The stock has a market capitalization of $109.04 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. 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 announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $7.79 earnings per share. Analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

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.