QCM Cayman Ltd. Takes $273,000 Position in Lam Research Co. (NASDAQ:LRCX)

QCM Cayman Ltd. purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCXGet Rating) in the 4th quarter, Holdings Channel reports. The fund purchased 379 shares of the semiconductor company’s stock, valued at approximately $273,000. Lam Research accounts for about 1.7% of QCM Cayman Ltd.’s holdings, making the stock its 25th largest holding.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Lam Research by 14.6% in the fourth quarter. Bank of Montreal Can now owns 333,625 shares of the semiconductor company’s stock worth $242,426,000 after purchasing an additional 42,480 shares during the period. Core Alternative Capital acquired a new stake in shares of Lam Research during the fourth quarter valued at about $246,000. SC&H Financial Advisors Inc. acquired a new stake in shares of Lam Research during the fourth quarter valued at about $828,000. Covestor Ltd acquired a new position in shares of Lam Research in the fourth quarter worth approximately $153,000. Finally, Exencial Wealth Advisors LLC lifted its stake in shares of Lam Research by 43.0% in the fourth quarter. Exencial Wealth Advisors LLC now owns 27,182 shares of the semiconductor company’s stock worth $19,548,000 after acquiring an additional 8,180 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Scott Gerald Meikle sold 700 shares of Lam Research stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $541.22, for a total value of $378,854.00. Following the completion of the sale, the senior vice president now owns 20,425 shares in the company, valued at approximately $11,054,418.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Catherine P. Lego purchased 1,736 shares of the company’s stock in a transaction on Tuesday, April 26th. The stock was acquired at an average price of $460.35 per share, with a total value of $799,167.60. Following the purchase, the director now owns 49,991 shares of the company’s stock, valued at $23,013,356.85. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by insiders.

Shares of LRCX traded up $29.80 during trading hours on Tuesday, hitting $512.27. The stock had a trading volume of 1,626,297 shares, compared to its average volume of 1,487,205. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.83 and a quick ratio of 2.00. Lam Research Co. has a 12 month low of $442.53 and a 12 month high of $731.85. The firm has a market capitalization of $71.06 billion, a PE ratio of 15.08, a PEG ratio of 1.01 and a beta of 1.27. The stock has a fifty day moving average price of $496.56 and a 200 day moving average price of $584.60.

Lam Research (NASDAQ:LRCXGet Rating) last released its earnings results on Wednesday, April 20th. The semiconductor company reported $7.40 earnings per share for the quarter, missing the consensus estimate of $7.48 by ($0.08). Lam Research had a net margin of 27.13% and a return on equity of 75.51%. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the firm posted $7.49 earnings per share. Lam Research’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Lam Research Co. will post 31.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, June 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.17%. Lam Research’s dividend payout ratio is 18.76%.

LRCX has been the subject of several recent research reports. Morgan Stanley decreased their price target on Lam Research from $730.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday, April 21st. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, March 24th. Jefferies Financial Group dropped their price objective on Lam Research from $869.00 to $670.00 in a report on Friday, April 22nd. KeyCorp started coverage on Lam Research in a research note on Tuesday, January 25th. They issued a “sector weight” rating on the stock. Finally, Susquehanna decreased their target price on Lam Research from $655.00 to $640.00 and set a “neutral” rating on the stock in a research note on Thursday, January 27th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $670.90.

Lam Research Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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