Capital Advisors Ltd. LLC Grows Position in Lam Research Co. (NASDAQ:LRCX)

Capital Advisors Ltd. LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 904.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,138 shares of the semiconductor company’s stock after acquiring an additional 3,726 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Lam Research were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LRCX. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the last quarter. Insight Wealth Partners LLC bought a new stake in Lam Research during the third quarter valued at approximately $202,000. B&L Asset Management LLC purchased a new stake in Lam Research during the third quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd bought a new position in Lam Research in the third quarter worth approximately $220,000. Finally, Tilson Financial Group Inc. purchased a new position in shares of Lam Research during the 3rd quarter worth $233,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Down 3.1 %

LRCX opened at $83.34 on Tuesday. The firm has a 50-day simple moving average of $78.57 and a two-hundred day simple moving average of $78.10. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a market capitalization of $106.98 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. 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 (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Analyst Ratings Changes

Several research firms have recently commented on LRCX. Mizuho upped their price objective on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.22.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

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.