Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Position in Lam Research Co. (NASDAQ:LRCX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Lam Research Co. (NASDAQ:LRCX) by 863.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,588 shares of the semiconductor company’s stock after buying an additional 245,206 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lam Research were worth $19,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. iA Global Asset Management Inc. increased its position in shares of Lam Research by 1,168.2% during the 4th quarter. iA Global Asset Management Inc. now owns 182,320 shares of the semiconductor company’s stock worth $13,169,000 after purchasing an additional 167,944 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Lam Research by 1,268.5% during the fourth quarter. Teacher Retirement System of Texas now owns 689,738 shares of the semiconductor company’s stock valued at $49,820,000 after acquiring an additional 639,338 shares during the last quarter. Strategic Financial Services Inc. raised its stake in shares of Lam Research by 893.6% in the 4th quarter. Strategic Financial Services Inc. now owns 42,855 shares of the semiconductor company’s stock valued at $3,095,000 after acquiring an additional 38,542 shares during the period. Sandy Spring Bank lifted its holdings in shares of Lam Research by 1,006.5% in the 4th quarter. Sandy Spring Bank now owns 1,018 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 926 shares during the last quarter. Finally, Arvest Investments Inc. boosted its position in shares of Lam Research by 829.0% during the 4th quarter. Arvest Investments Inc. now owns 21,069 shares of the semiconductor company’s stock worth $1,522,000 after purchasing an additional 18,801 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price objective on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley raised their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $98.06.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’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 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 $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

Lam Research Stock Down 0.5 %

Shares of NASDAQ:LRCX opened at $77.55 on Friday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two 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. The firm’s 50-day simple moving average is $79.60 and its 200-day simple moving average is $77.33. The company has a market cap of $99.55 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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%. As a group, equities research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

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

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.