Crown Advisors Management Inc. Purchases 45,000 Shares of Lam Research Co. (NASDAQ:LRCX)

Crown Advisors Management Inc. lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,000 shares of the semiconductor company’s stock after acquiring an additional 45,000 shares during the period. Lam Research accounts for about 2.3% of Crown Advisors Management Inc.’s portfolio, making the stock its 18th biggest position. Crown Advisors Management Inc.’s holdings in Lam Research were worth $3,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LRCX. Claro Advisors LLC boosted its position in shares of Lam Research by 151.0% during the 3rd quarter. Claro Advisors LLC now owns 527 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 317 shares in the last quarter. Joseph Group Capital Management boosted its position in shares of Lam Research by 32.2% during the 3rd quarter. Joseph Group Capital Management now owns 4,315 shares of the semiconductor company’s stock worth $3,521,000 after purchasing an additional 1,051 shares in the last quarter. Aviance Capital Partners LLC boosted its position in shares of Lam Research by 8.8% during the 3rd quarter. Aviance Capital Partners LLC now owns 10,711 shares of the semiconductor company’s stock worth $8,741,000 after purchasing an additional 864 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Lam Research by 4.9% in the 3rd quarter. Caprock Group LLC now owns 3,317 shares of the semiconductor company’s stock worth $2,715,000 after acquiring an additional 156 shares during the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in shares of Lam Research in the 3rd quarter worth about $798,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Barclays lowered their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Morgan Stanley upped their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by insiders.

Lam Research Stock Down 1.2 %

Lam Research stock opened at $77.36 on Wednesday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm has a 50 day moving average price of $79.57 and a 200-day moving average price of $77.36. The company has a market capitalization of $99.30 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.47 and a beta of 1.53. 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 earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, equities analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.19%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

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.