Lam Research Co. (NASDAQ:LRCX) Stock Position Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,099.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,304 shares of the semiconductor company's stock after acquiring an additional 42,445 shares during the quarter. Advisors Asset Management Inc.'s holdings in Lam Research were worth $3,345,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Lam Research by 273.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 97,121 shares of the semiconductor company's stock valued at $7,202,000 after acquiring an additional 71,144 shares in the last quarter. PDS Planning Inc raised its position in Lam Research by 910.6% in the fourth quarter. PDS Planning Inc now owns 6,690 shares of the semiconductor company's stock valued at $483,000 after purchasing an additional 6,028 shares during the period. Leelyn Smith LLC lifted its stake in shares of Lam Research by 925.2% during the fourth quarter. Leelyn Smith LLC now owns 19,828 shares of the semiconductor company's stock worth $1,432,000 after purchasing an additional 17,894 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Lam Research by 632.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,910 shares of the semiconductor company's stock valued at $571,000 after buying an additional 6,830 shares in the last quarter. Finally, Delphi Management Inc. MA raised its holdings in shares of Lam Research by 1,010.0% during the 4th quarter. Delphi Management Inc. MA now owns 16,250 shares of the semiconductor company's stock valued at $1,174,000 after buying an additional 14,786 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Lam Research

In other 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 value 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 $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 is available through this link. Company insiders own 0.29% of the company's stock.

Lam Research Stock Performance

Shares of Lam Research stock traded down $0.32 during trading on Tuesday, hitting $77.67. 6,436,759 shares of the stock were exchanged, compared to its average volume of 11,084,305. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock's fifty day moving average is $79.75 and its 200 day moving average is $77.31. The stock has a market cap of $99.70 billion, a PE ratio of 23.59, a P/E/G ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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 EPS for the current 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 $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. Lam Research's dividend payout ratio is presently 27.96%.

Analyst Ratings Changes

A number of equities analysts have weighed in on LRCX shares. Barclays decreased their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. The Goldman Sachs Group decreased their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. KeyCorp raised 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. Finally, Morgan Stanley lifted their target price on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.