Lam Research Co. (NASDAQ:LRCX) Holdings Boosted by Xponance Inc.

Xponance Inc. boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 918.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,972 shares of the semiconductor company’s stock after acquiring an additional 291,254 shares during the period. Xponance Inc.’s holdings in Lam Research were worth $23,328,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LRCX. Claro Advisors LLC lifted its holdings in Lam Research by 151.0% in the third quarter. Claro Advisors LLC now owns 527 shares of the semiconductor company’s stock worth $430,000 after acquiring an additional 317 shares during the last quarter. Glass Wealth Management Co LLC lifted its holdings in Lam Research by 9.2% in the third quarter. Glass Wealth Management Co LLC now owns 2,485 shares of the semiconductor company’s stock worth $2,028,000 after acquiring an additional 210 shares during the last quarter. Strengthening Families & Communities LLC increased its stake in shares of Lam Research by 9.3% in the third quarter. Strengthening Families & Communities LLC now owns 1,871 shares of the semiconductor company’s stock valued at $1,527,000 after purchasing an additional 159 shares during the period. Joseph Group Capital Management increased its stake in shares of Lam Research by 32.2% in the third 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 period. Finally, Aviance Capital Partners LLC increased its stake in shares of 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 purchasing an additional 864 shares during the period. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LRCX shares. Morgan Stanley raised their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Mizuho raised their price objective on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Susquehanna upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and raised their price objective for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Finally, Barclays decreased their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were 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 owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Lam Research Stock Performance

NASDAQ:LRCX opened at $78.31 on Tuesday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $79.58 and a 200 day moving average price of $77.37. The firm has a market capitalization of $100.52 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. Research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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