Crew Capital Management Ltd. Increases Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Crew Capital Management Ltd. raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,497.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,070 shares of the semiconductor company's stock after acquiring an additional 10,377 shares during the period. Crew Capital Management Ltd.'s holdings in Lam Research were worth $800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parisi Gray Wealth Management lifted its stake in Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock valued at $603,000 after acquiring an additional 7,241 shares during the period. Burns J W & Co. Inc. NY purchased a new position in shares of Lam Research during the 4th quarter valued at approximately $815,000. Centerpoint Advisors LLC increased its holdings in shares of Lam Research by 900.0% during the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 900 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Lam Research by 20.0% during the 3rd quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company's stock valued at $194,451,000 after purchasing an additional 39,725 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of Lam Research by 51.9% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company's stock valued at $175,800,000 after purchasing an additional 73,648 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 3.4 %

Shares of LRCX traded up $2.61 during mid-day trading on Wednesday, hitting $79.05. 15,397,965 shares of the company's stock were exchanged, compared to its average volume of 11,070,426. The company has a market cap of $101.47 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.47 and a beta of 1.46. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock's 50-day moving average is $79.14 and its 200-day moving average is $77.82.

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

Lam Research Announces Dividend

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 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 dividend yield of 1.16%. Lam Research's dividend payout ratio is presently 27.96%.

Insider Buying and Selling

In related 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 transaction of $9,907,200.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Wells Fargo & Company boosted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Finally, Wolfe Research lowered shares of Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus 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.