19,430 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,430 shares of the semiconductor company’s stock, valued at approximately $1,403,000.

Several other hedge funds have also recently modified their holdings of LRCX. Strategy Asset Managers LLC acquired a new stake in shares of Lam Research during the third quarter worth $566,000. Advisors Asset Management Inc. lifted its holdings in Lam Research by 3.9% in the third quarter. Advisors Asset Management Inc. now owns 3,859 shares of the semiconductor company’s stock valued at $3,149,000 after acquiring an additional 144 shares during the period. Cornerstone Advisors LLC lifted its holdings in Lam Research by 29.6% in the third quarter. Cornerstone Advisors LLC now owns 9,200 shares of the semiconductor company’s stock valued at $7,508,000 after acquiring an additional 2,100 shares during the period. King Luther Capital Management Corp lifted its holdings in Lam Research by 17.9% in the third quarter. King Luther Capital Management Corp now owns 15,345 shares of the semiconductor company’s stock valued at $12,523,000 after acquiring an additional 2,326 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Lam Research by 32.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 189,071 shares of the semiconductor company’s stock valued at $154,297,000 after acquiring an additional 45,828 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and raised their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday, January 17th. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.06.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Lam Research Trading Down 0.5 %

Shares of LRCX stock opened at $77.55 on Friday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm has a 50-day moving average price of $79.60 and a 200 day moving average price of $77.33. 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 company has a market capitalization of $99.55 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

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.