Signaturefd LLC Has $2.39 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Signaturefd LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 940.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,106 shares of the semiconductor company’s stock after buying an additional 29,923 shares during the period. Signaturefd LLC’s holdings in Lam Research were worth $2,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Claro Advisors LLC lifted its position in shares of Lam Research by 151.0% during the 3rd quarter. Claro Advisors LLC now owns 527 shares of the semiconductor company’s stock worth $430,000 after buying an additional 317 shares during the period. Glass Wealth Management Co LLC boosted its stake in shares of Lam Research by 9.2% in the 3rd quarter. Glass Wealth Management Co LLC now owns 2,485 shares of the semiconductor company’s stock valued at $2,028,000 after purchasing an additional 210 shares in the last quarter. Strengthening Families & Communities LLC increased its position in shares of Lam Research by 9.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,871 shares of the semiconductor company’s stock worth $1,527,000 after purchasing an additional 159 shares in the last quarter. Joseph Group Capital Management lifted its holdings in Lam Research by 32.2% during the 3rd quarter. Joseph Group Capital Management now owns 4,315 shares of the semiconductor company’s stock valued at $3,521,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its position in Lam Research by 8.8% in the third quarter. Aviance Capital Partners LLC now owns 10,711 shares of the semiconductor company’s stock valued at $8,741,000 after buying an additional 864 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LRCX shares. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Mizuho increased their target price on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Morgan Stanley upped their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Six 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.com, the company has an average rating of “Moderate Buy” and an average target price of $98.22.

Lam Research Price Performance

NASDAQ LRCX opened at $78.31 on Tuesday. 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 Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The business has a 50 day simple moving average of $79.58 and a 200 day simple moving average of $77.37. The stock has a market cap of $100.52 billion, a price-to-earnings ratio of 23.79, 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 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 anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Lam Research’s dividend payout ratio (DPR) is presently 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.