Capco Asset Management LLC Has $18.49 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Capco Asset Management LLC grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 885.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 256,027 shares of the semiconductor company’s stock after purchasing an additional 230,043 shares during the quarter. Lam Research makes up 4.2% of Capco Asset Management LLC’s holdings, making the stock its 11th biggest holding. Capco Asset Management LLC’s holdings in Lam Research were worth $18,493,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Parisi Gray Wealth Management boosted its stake in shares of Lam Research by 652.9% during the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new position in shares of Lam Research in the fourth quarter worth approximately $815,000. Centerpoint Advisors LLC lifted its stake in shares of Lam Research by 900.0% in the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 900 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of Lam Research by 51.9% in the third quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company’s stock worth $175,800,000 after acquiring an additional 73,648 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in shares of Lam Research by 4,085.9% in the third quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company’s stock worth $10,932,000 after acquiring an additional 13,075 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’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 sale, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group cut their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Mizuho lifted their price objective on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Morgan Stanley lifted their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Oppenheimer began coverage on Lam Research in a research note on Thursday. They issued an “outperform” rating and a $95.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $98.06.

Lam Research Trading Down 2.2 %

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

Lam Research (NASDAQ:LRCX) last announced its quarterly 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 analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.21%. 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.