Advisors Asset Management Inc. Raises Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Advisors Asset Management Inc. lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 1,099.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,304 shares of the semiconductor company’s stock after purchasing an additional 42,445 shares during the quarter. Advisors Asset Management Inc.’s holdings in Lam Research were worth $3,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LRCX. Financial Perspectives Inc lifted its position in Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after buying an additional 309 shares during the last quarter. Fairway Wealth LLC lifted its position in Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock worth $25,000 after buying an additional 306 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in Lam Research in the 4th quarter worth approximately $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research in the 4th quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc lifted its position in Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company’s stock worth $28,000 after buying an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by corporate insiders.

Lam Research Stock Down 2.2 %

Shares of NASDAQ:LRCX opened at $75.84 on Friday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market capitalization of $97.35 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.47 and a beta of 1.53. The stock has a 50 day moving average price of $79.62 and a 200-day moving average price of $77.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data 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 return on equity of 51.86% and a net margin of 26.49%. As a group, equities research analysts anticipate that Lam Research Co. will post 3.71 EPS 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. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. 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. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Cantor Fitzgerald restated an “overweight” rating and set a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Barclays dropped their target price 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. Finally, Wells Fargo & Company increased their target price on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $98.06.

Lam Research 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.