Lam Research Co. (NASDAQ:LRCX) Shares Bought by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. increased its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 781.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,900 shares of the semiconductor company's stock after buying an additional 251,700 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in Lam Research were worth $20,506,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Cypress Capital Group lifted its holdings in shares of Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock valued at $2,987,000 after buying an additional 132 shares during the period. West Oak Capital LLC lifted its holdings in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 135 shares during the period. Baldwin Investment Management LLC boosted its position in Lam Research by 1.4% in the 3rd quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company's stock worth $8,364,000 after purchasing an additional 137 shares in the last quarter. Bedell Frazier Investment Counselling LLC grew its stake in shares of Lam Research by 10.1% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company's stock worth $1,272,000 after purchasing an additional 143 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Lam Research by 3.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,859 shares of the semiconductor company's stock valued at $3,149,000 after purchasing an additional 144 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

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Lam Research Trading Down 0.4 %

Shares of LRCX traded down $0.32 during mid-day trading on Tuesday, reaching $77.67. The stock had a trading volume of 6,436,759 shares, compared to its average volume of 11,069,593. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market cap of $99.70 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 1.47 and a beta of 1.53. The business's fifty day moving average is $79.70 and its 200 day moving average is $77.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared 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. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Susquehanna raised shares of 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 report on Thursday, February 20th. Mizuho raised 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. Morgan Stanley lifted their price target on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $100.00 target price on shares of Lam Research in a research note on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.06.

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.