Capco Asset Management LLC Buys 230,043 Shares of Lam Research Co. (NASDAQ:LRCX)

Capco Asset Management LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 885.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,027 shares of the semiconductor company's stock after purchasing an additional 230,043 shares during the period. Lam Research accounts for approximately 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 quarter.

Several other hedge funds also recently modified their holdings of LRCX. Financial Perspectives Inc increased its stake in Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares in the last quarter. Fairway Wealth LLC grew its holdings in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the period. Atwood & Palmer Inc. bought a new stake in shares of Lam Research in the 4th quarter valued at $27,000. Midwest Capital Advisors LLC bought a new position in Lam Research during the fourth quarter worth about $27,000. Finally, Bell Investment Advisors Inc grew its stake in Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 343 shares during the period. Institutional investors own 84.61% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Oppenheimer began coverage on shares of Lam Research in a research note on Thursday, March 20th. They set an "outperform" rating and a $95.00 price objective for the company. Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Mizuho increased their price target 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, Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $98.06.

Lam Research Stock Performance

Lam Research stock traded up $0.13 during midday trading on Tuesday, hitting $78.12. The company's stock had a trading volume of 2,172,117 shares, compared to its average volume of 12,638,024. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a market cap of $100.28 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a 50-day moving average price of $79.70 and a two-hundred day moving average price of $77.30.

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 net margin of 26.49% and a return on equity of 51.86%. As a group, sell-side analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 annualized dividend and a yield of 1.18%. Lam Research's dividend payout ratio is 27.96%.

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 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 directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company's stock.

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.