DCF Advisers LLC Acquires 7,000 Shares of Lam Research Co. (NASDAQ:LRCX)

DCF Advisers LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,400.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,500 shares of the semiconductor company's stock after acquiring an additional 7,000 shares during the quarter. DCF Advisers LLC's holdings in Lam Research were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Cypress Capital Group increased its holdings in Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock worth $2,987,000 after purchasing an additional 132 shares in the last quarter. West Oak Capital LLC boosted its position in Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares during the period. Baldwin Investment Management LLC grew its holdings in Lam Research by 1.4% during the 3rd quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company's stock worth $8,364,000 after acquiring an additional 137 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in shares of Lam Research by 10.1% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company's stock valued at $1,272,000 after acquiring an additional 143 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Lam Research by 3.9% during the third quarter. Advisors Asset Management Inc. now owns 3,859 shares of the semiconductor company's stock worth $3,149,000 after purchasing an additional 144 shares during the period. Institutional investors own 84.61% of the company's stock.

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Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated 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 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 document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Lam Research Stock Down 0.4 %

NASDAQ LRCX traded down $0.32 during mid-day trading on Tuesday, hitting $77.67. The company's stock had a trading volume of 6,436,759 shares, compared to its average volume of 11,069,593. The firm has a market capitalization of $99.70 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.47 and a beta of 1.53. The company's 50 day simple moving average is $79.70 and its 200 day simple moving average is $77.30. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

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

Lam Research Dividend Announcement

The business also recently disclosed 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%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley raised 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. Barclays lowered their price objective on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and upped their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $98.06.

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.