Fox Run Management L.L.C. Purchases 15,291 Shares of Lam Research Co. (NASDAQ:LRCX)

Fox Run Management L.L.C. lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 732.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,378 shares of the semiconductor company’s stock after acquiring an additional 15,291 shares during the quarter. Fox Run Management L.L.C.’s holdings in Lam Research were worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Insight Wealth Partners LLC purchased a new position in Lam Research in the third quarter worth $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research during the 3rd quarter worth $204,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Lam Research in the 3rd quarter worth about $220,000. Concorde Asset Management LLC bought a new position in Lam Research during the third quarter valued at about $242,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in Lam Research during the third quarter worth about $245,000. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. 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 report on Friday, January 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Barclays lowered their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group dropped their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Morgan Stanley boosted their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $98.06.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’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 completion of the transaction, the senior vice president now directly owns 179,084 shares in the company, 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 this link. Insiders own 0.29% of the company’s stock.

Lam Research Trading Down 2.2 %

Shares of LRCX stock opened at $75.84 on Friday. The company has a market capitalization of $97.35 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The business’s fifty day moving average is $79.62 and its 200 day moving average is $77.32. 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 released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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%. On average, equities research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid 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 yield of 1.21%. Lam Research’s dividend payout ratio 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.