Rokos Capital Management LLP Boosts Stake in Lam Research Corporation $LRCX

Rokos Capital Management LLP grew its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 42.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 259,921 shares of the semiconductor company’s stock after acquiring an additional 76,840 shares during the quarter. Lam Research comprises 0.4% of Rokos Capital Management LLP’s portfolio, making the stock its 26th biggest position. Rokos Capital Management LLP’s holdings in Lam Research were worth $55,532,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC increased its position in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in Lam Research during the first quarter valued at approximately $26,000. Bayban acquired a new position in Lam Research during the fourth quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. purchased a new stake in Lam Research during the fourth quarter worth approximately $27,000. Finally, Core Wealth Advisors LLC purchased a new stake in Lam Research during the fourth quarter worth approximately $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 98,611 shares of company stock valued at $32,250,190. 0.31% of the stock is currently owned by insiders.

Lam Research Trading Down 4.5%

NASDAQ LRCX opened at $291.61 on Tuesday. The stock has a market cap of $364.68 billion, a P/E ratio of 55.02, a PEG ratio of 1.81 and a beta of 1.80. The company’s fifty day simple moving average is $342.02 and its 200-day simple moving average is $274.96. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Analyst Ratings Changes

A number of equities analysts have recently commented on LRCX shares. Oppenheimer reissued an “outperform” rating and issued a $400.00 target price (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. New Street Research upped their price target on shares of Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Citigroup reiterated a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. BNP Paribas Exane raised their price objective on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $363.37.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.