Lindenwold Advisors INC Grows Position in Lam Research Co. (NASDAQ:LRCX)

Lindenwold Advisors INC boosted its position in Lam Research Co. (NASDAQ:LRCX) by 879.0% during the 4th quarter, HoldingsChannel reports. The firm owned 21,812 shares of the semiconductor company’s stock after purchasing an additional 19,584 shares during the period. Lindenwold Advisors INC’s holdings in Lam Research were worth $1,575,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Insight Wealth Partners LLC bought a new position in shares of Lam Research in the third quarter worth about $202,000. B&L Asset Management LLC bought a new stake in Lam Research in the 3rd quarter worth approximately $204,000. Dynamic Technology Lab Private Ltd bought a new stake in Lam Research in the 3rd quarter worth approximately $220,000. Concorde Asset Management LLC bought a new stake in Lam Research in the 3rd quarter worth approximately $242,000. Finally, Virtus Investment Advisers Inc. bought a new stake in Lam Research in the 3rd quarter worth approximately $245,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Down 1.2 %

Lam Research stock opened at $77.36 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The business’s 50-day simple moving average is $79.57 and its two-hundred day simple moving average is $77.36. The company has a market cap of $99.30 billion, a PE ratio of 23.50, a PEG ratio of 1.47 and a beta of 1.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its earnings results 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%. Equities analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 yield of 1.19%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is 27.96%.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research reports. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Barclays dropped their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Wells Fargo & Company boosted their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

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.