Livforsakringsbolaget Skandia Omsesidigt Has $4.95 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Livforsakringsbolaget Skandia Omsesidigt raised its position in Lam Research Co. (NASDAQ:LRCX) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,315 shares of the semiconductor company’s stock after buying an additional 151 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lam Research were worth $4,946,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Telos Capital Management Inc. increased its holdings in Lam Research by 31.0% in the 4th quarter. Telos Capital Management Inc. now owns 634 shares of the semiconductor company’s stock valued at $497,000 after buying an additional 150 shares during the period. Rakuten Securities Inc. bought a new stake in Lam Research during the 4th quarter worth approximately $38,000. TRUE Private Wealth Advisors grew its holdings in Lam Research by 4.1% during the 4th quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company’s stock worth $296,000 after acquiring an additional 15 shares during the last quarter. First Interstate Bank grew its holdings in Lam Research by 7.4% during the 4th quarter. First Interstate Bank now owns 363 shares of the semiconductor company’s stock worth $284,000 after acquiring an additional 25 shares during the last quarter. Finally, Everence Capital Management Inc. grew its holdings in Lam Research by 54.7% during the 4th quarter. Everence Capital Management Inc. now owns 4,073 shares of the semiconductor company’s stock worth $3,190,000 after acquiring an additional 1,440 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research reports. Barclays boosted their target price on shares of Lam Research from $750.00 to $825.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Cantor Fitzgerald boosted their price target on shares of Lam Research from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. The Goldman Sachs Group boosted their price target on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. UBS Group boosted their price target on shares of Lam Research from $885.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Needham & Company LLC boosted their price target on shares of Lam Research from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $875.55.

Insider Activity at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the transaction, the director now owns 10,541 shares in the company, valued at $10,246,168.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Lam Research news, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the sale, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the sale, the director now directly owns 10,541 shares in the company, valued at $10,246,168.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is owned by company insiders.

Lam Research Stock Down 5.3 %

LRCX traded down $50.97 during trading on Wednesday, hitting $912.26. 1,668,586 shares of the company’s stock were exchanged, compared to its average volume of 1,026,565. The company has a quick ratio of 2.02, a current ratio of 3.06 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $944.50 and its two-hundred day moving average is $796.73. Lam Research Co. has a fifty-two week low of $482.74 and a fifty-two week high of $1,007.39. The stock has a market cap of $119.60 billion, a P/E ratio of 37.25, a PEG ratio of 3.43 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business posted $10.71 EPS. The business’s revenue was down 28.8% compared to the same quarter last year. As a group, equities analysts expect that Lam Research Co. will post 28.9 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.88%. Lam Research’s payout ratio is currently 30.94%.

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.