Ethos Financial Group LLC Purchases New Position in Lam Research Co. (NASDAQ:LRCX)

Ethos Financial Group LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 486 shares of the semiconductor company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 192 shares during the last quarter. Insight Wealth Partners LLC bought a new position in Lam Research during the third quarter valued at approximately $202,000. B&L Asset Management LLC bought a new position in Lam Research during the third quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd bought a new position in Lam Research during the third quarter valued at approximately $220,000. Finally, Concorde Asset Management LLC bought a new position in Lam Research during the third quarter valued at approximately $242,000. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Up 3.3 %

LRCX opened at $79.01 on Friday. The stock’s fifty day moving average is $79.30 and its two-hundred day moving average is $77.82. The company has a market capitalization of $101.42 billion, a P/E ratio of 24.00, a PEG ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. 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, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.16%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Mizuho upped their price objective on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Morgan Stanley upped their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $98.22.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 sale, the senior vice president now owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

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.