Capital Advisors Ltd. LLC Buys 3,726 Shares of Lam Research Co. (NASDAQ:LRCX)

Capital Advisors Ltd. LLC raised its stake in Lam Research Co. (NASDAQ:LRCX) by 904.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,138 shares of the semiconductor company’s stock after purchasing an additional 3,726 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Lam Research were worth $299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the last quarter. Insight Wealth Partners LLC bought a new stake in Lam Research in the third quarter valued at approximately $202,000. B&L Asset Management LLC bought a new stake in Lam Research in the third quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd bought a new stake in Lam Research in the third quarter valued at approximately $220,000. Finally, Tilson Financial Group Inc. bought a new stake in Lam Research in the third quarter valued at approximately $233,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 3.1 %

NASDAQ LRCX opened at $83.34 on Tuesday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a market cap of $106.98 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.47 and a beta of 1.46. The stock’s fifty day moving average price is $78.57 and its 200-day moving average price is $78.10. The company has a current ratio of 2.54, a quick ratio of 1.73 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 EPS for the quarter, topping 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 analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. Lam Research’s dividend payout ratio is currently 27.96%.

Insider Transactions at Lam Research

In related 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 directly owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LRCX shares. Mizuho upped their target price on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday, January 17th. Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and upped their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, Morgan Stanley upped their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.22.

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.