Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in Lam Research Co. (NASDAQ:LRCX) by 1,036.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,885,300 shares of the semiconductor company’s stock after purchasing an additional 3,543,400 shares during the quarter. Two Sigma Advisers LP’s holdings in Lam Research were worth $280,635,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC boosted its position in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Financial Perspectives Inc lifted its position in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Atwood & Palmer Inc. acquired a new stake in Lam Research during the 4th quarter worth approximately $27,000. West Paces Advisors Inc. acquired a new stake in Lam Research during the 4th quarter worth approximately $27,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Lam Research during the 4th quarter worth approximately $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred 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 sale, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. The trade was a 38.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Lam Research Trading Down 0.4%

Shares of LRCX opened at $84.43 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The stock has a market cap of $108.00 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The firm has a 50 day simple moving average of $72.35 and a 200-day simple moving average of $75.47.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Lam Research’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.79 EPS. Equities analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on LRCX. Wells Fargo & Company decreased their price objective on Lam Research from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. B. Riley reaffirmed a “buy” rating on shares of Lam Research in a research report on Thursday, April 24th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. UBS Group decreased their price objective on Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $91.56.

Lam Research 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.