Atala Financial Inc Acquires New Shares in Lam Research Co. (NASDAQ:LRCX)

Atala Financial Inc acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,177 shares of the semiconductor company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LBP AM SA boosted its position in Lam Research by 870.3% during the 4th quarter. LBP AM SA now owns 60,296 shares of the semiconductor company’s stock valued at $4,355,000 after purchasing an additional 54,082 shares during the period. Parnassus Investments LLC boosted its position in Lam Research by 1,178.9% during the 4th quarter. Parnassus Investments LLC now owns 847,483 shares of the semiconductor company’s stock valued at $61,214,000 after purchasing an additional 781,219 shares during the period. Commonwealth Equity Services LLC boosted its position in Lam Research by 1,047.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 487,435 shares of the semiconductor company’s stock valued at $35,207,000 after purchasing an additional 444,946 shares during the period. Madison Wealth Partners Inc boosted its position in Lam Research by 901.9% during the 4th quarter. Madison Wealth Partners Inc now owns 6,482 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 5,835 shares during the period. Finally, PGGM Investments boosted its position in Lam Research by 820.2% during the 4th quarter. PGGM Investments now owns 208,154 shares of the semiconductor company’s stock valued at $15,035,000 after purchasing an additional 185,533 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 4.6 %

Shares of Lam Research stock opened at $78.69 on Friday. The stock’s fifty day moving average is $79.57 and its 200-day moving average is $77.45. The firm has a market capitalization of $101.01 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its 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%. Equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is 27.96%.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on LRCX shares. Wells Fargo & Company boosted their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $100.00 price target on shares of Lam Research in a research report on Tuesday, February 18th. Mizuho boosted their price target on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.22.

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.