Lam Research Co. (NASDAQ:LRCX) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 2,094.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,470 shares of the semiconductor company’s stock after acquiring an additional 1,403 shares during the period. SRS Capital Advisors Inc.’s holdings in Lam Research were worth $106,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Clifford Swan Investment Counsel LLC lifted its position in Lam Research by 911.6% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 17,450 shares of the semiconductor company’s stock worth $1,260,000 after buying an additional 15,725 shares in the last quarter. Bailard Inc. increased its stake in shares of Lam Research by 623.8% in the 4th quarter. Bailard Inc. now owns 60,887 shares of the semiconductor company’s stock worth $4,398,000 after acquiring an additional 52,475 shares during the last quarter. Norden Group LLC raised its holdings in shares of Lam Research by 941.2% during the 4th quarter. Norden Group LLC now owns 59,497 shares of the semiconductor company’s stock worth $4,297,000 after acquiring an additional 53,783 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Lam Research during the 4th quarter valued at about $58,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Lam Research by 1,162.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 18,058 shares of the semiconductor company’s stock valued at $1,303,000 after purchasing an additional 16,628 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value of $9,907,200.00. Following the completion of the transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Lam Research Price Performance

Lam Research stock opened at $79.05 on Thursday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $79.14 and a 200-day simple moving average of $77.82. The stock has a market cap of $101.47 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

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 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%. Equities analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 annualized dividend and a yield of 1.16%. Lam Research’s dividend payout ratio is currently 27.96%.

Analyst Ratings Changes

LRCX has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.