Xponance Inc. Purchases 291,254 Shares of Lam Research Co. (NASDAQ:LRCX)

Xponance Inc. grew its position in Lam Research Co. (NASDAQ:LRCX) by 918.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Generali Asset Management SPA SGR bought a new stake in shares of Lam Research during the 4th quarter worth about $11,802,000. Horizon Investments LLC grew its holdings in Lam Research by 577.6% during the 4th quarter. Horizon Investments LLC now owns 23,141 shares of the semiconductor company’s stock worth $1,671,000 after acquiring an additional 19,726 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Lam Research by 1,099.9% during the 4th quarter. Advisors Asset Management Inc. now owns 46,304 shares of the semiconductor company’s stock worth $3,345,000 after acquiring an additional 42,445 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Lam Research by 273.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 97,121 shares of the semiconductor company’s stock valued at $7,202,000 after acquiring an additional 71,144 shares during the period. Finally, PDS Planning Inc lifted its position in shares of Lam Research by 910.6% during the 4th quarter. PDS Planning Inc now owns 6,690 shares of the semiconductor company’s stock valued at $483,000 after acquiring an additional 6,028 shares during the period. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LRCX shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. KeyCorp upgraded 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. Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and increased their price target for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Barclays cut their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

Lam Research Price Performance

LRCX stock opened at $78.31 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The firm has a market capitalization of $100.52 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.47 and a beta of 1.53. The business’s 50-day moving average is $79.58 and its two-hundred day moving average is $77.37. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Analysts anticipate 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. Shareholders 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 1.17%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.96%.

Lam Research Company 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.