Dohj LLC Buys Shares of 639 Lam Research Co. (NASDAQ:LRCX)

Dohj LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 639 shares of the semiconductor company’s stock, valued at approximately $500,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in shares of Lam Research by 28.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,458 shares of the semiconductor company’s stock valued at $1,541,000 after purchasing an additional 549 shares during the last quarter. Strategic Blueprint LLC increased its position in shares of Lam Research by 18.2% during the 3rd quarter. Strategic Blueprint LLC now owns 1,137 shares of the semiconductor company’s stock valued at $713,000 after purchasing an additional 175 shares during the last quarter. Oak Thistle LLC increased its position in shares of Lam Research by 14.5% during the 3rd quarter. Oak Thistle LLC now owns 530 shares of the semiconductor company’s stock valued at $332,000 after purchasing an additional 67 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Lam Research by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 62,610 shares of the semiconductor company’s stock valued at $39,242,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Lam Research by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 50,572 shares of the semiconductor company’s stock valued at $31,697,000 after purchasing an additional 2,105 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of LRCX stock traded up $23.90 on Friday, reaching $925.37. The company’s stock had a trading volume of 1,397,129 shares, compared to its average volume of 1,010,097. The stock’s fifty day simple moving average is $943.67 and its 200-day simple moving average is $809.10. Lam Research Co. has a 1 year low of $493.42 and a 1 year high of $1,007.39. The company has a current ratio of 2.82, a quick ratio of 2.02 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $121.32 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 3.20 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm posted $6.99 earnings per share. Lam Research’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts forecast that Lam Research Co. will post 29.46 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, March 12th. Lam Research’s payout ratio is 29.42%.

Analysts Set New Price Targets

LRCX has been the subject of several research reports. B. Riley raised shares of Lam Research from a “neutral” rating to a “buy” rating and upped their price target for the company from $870.00 to $1,100.00 in a research report on Friday, April 19th. Susquehanna reduced their target price on shares of Lam Research from $880.00 to $850.00 and set a “neutral” rating for the company in a report on Thursday. Evercore ISI assumed coverage on shares of Lam Research in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 target price for the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $1,100.00 target price on shares of Lam Research in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,030.00 target price on shares of Lam Research in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $950.85.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders sold 7,029 shares of company stock valued at $6,559,489 over the last three months. 0.32% of the stock is owned by company insiders.

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.