Crown Advisors Management Inc. Has $3.61 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Crown Advisors Management Inc. increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the semiconductor company’s stock after buying an additional 45,000 shares during the period. Lam Research accounts for 2.3% of Crown Advisors Management Inc.’s holdings, making the stock its 18th largest position. Crown Advisors Management Inc.’s holdings in Lam Research were worth $3,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vinva Investment Management Ltd raised its position in shares of Lam Research by 755.8% in the fourth quarter. Vinva Investment Management Ltd now owns 101,156 shares of the semiconductor company’s stock valued at $7,298,000 after buying an additional 89,336 shares in the last quarter. Stokes Family Office LLC raised its position in shares of Lam Research by 814.4% in the fourth quarter. Stokes Family Office LLC now owns 22,806 shares of the semiconductor company’s stock valued at $1,647,000 after buying an additional 20,312 shares in the last quarter. Platinum Investment Management Ltd. raised its position in shares of Lam Research by 527.0% in the fourth quarter. Platinum Investment Management Ltd. now owns 17,086 shares of the semiconductor company’s stock valued at $1,234,000 after buying an additional 14,361 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Lam Research by 11,734.0% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 105,204 shares of the semiconductor company’s stock valued at $7,599,000 after buying an additional 104,315 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $4,977,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of Lam Research stock opened at $77.36 on Wednesday. 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 Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The stock has a market cap of $99.30 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.47 and a beta of 1.53. The company’s fifty day moving average is $79.57 and its 200 day moving average is $77.36.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Sell-side analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on LRCX. KeyCorp upgraded 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 report on Friday, January 17th. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Susquehanna upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Finally, Barclays lowered their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.22.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were 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 approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

About Lam Research

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.