Cozad Asset Management Inc. Has $11.12 Million Position in Lam Research Co. (NASDAQ:LRCX)

Cozad Asset Management Inc. increased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 912.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 154,010 shares of the semiconductor company’s stock after buying an additional 138,801 shares during the period. Lam Research accounts for about 1.0% of Cozad Asset Management Inc.’s portfolio, making the stock its 24th largest holding. Cozad Asset Management Inc.’s holdings in Lam Research were worth $11,124,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cassady Schiller Wealth Management LLC grew its position in shares of Lam Research by 988.6% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 1,143 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 1,038 shares during the last quarter. Signaturefd LLC grew its position in shares of Lam Research by 940.1% in the fourth quarter. Signaturefd LLC now owns 33,106 shares of the semiconductor company’s stock valued at $2,391,000 after purchasing an additional 29,923 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Lam Research by 1,034.9% in the fourth quarter. Parallel Advisors LLC now owns 17,943 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 16,362 shares during the last quarter. Cibc World Markets Corp grew its position in shares of Lam Research by 1,119.3% in the fourth quarter. Cibc World Markets Corp now owns 250,917 shares of the semiconductor company’s stock valued at $18,124,000 after purchasing an additional 230,339 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Lam Research by 3,711.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,554 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 2,487 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Lam Research Stock Up 4.6 %

Shares of LRCX opened at $78.69 on Monday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a market capitalization of $101.01 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.47 and a beta of 1.53. 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 stock has a fifty day moving average of $79.57 and a 200-day moving average of $77.39.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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, sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research reports. Sanford C. Bernstein raised 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 research report on Thursday, January 30th. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and increased their price target for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Mizuho increased their price target on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.