Lam Research Co. (NASDAQ:LRCX) Position Increased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,219.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,750 shares of the semiconductor company's stock after buying an additional 9,935 shares during the quarter. Hillsdale Investment Management Inc.'s holdings in Lam Research were worth $776,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parisi Gray Wealth Management grew 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 purchasing an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY bought a new stake in shares of Lam Research in the fourth quarter worth $815,000. Centerpoint Advisors LLC raised its holdings in Lam Research by 900.0% in the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 900 shares in the last quarter. Worldquant Millennium Advisors LLC grew its holdings in Lam Research by 51.9% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company's stock worth $175,800,000 after acquiring an additional 73,648 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Lam Research by 4,085.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 13,395 shares of the semiconductor company's stock worth $10,932,000 after purchasing an additional 13,075 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Oppenheimer initiated coverage on Lam Research in a report on Thursday, March 20th. They issued an "outperform" rating and a $95.00 price target for the company. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Barclays lowered their target price on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Finally, Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and lifted their price target for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.06.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction 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 of the company's stock, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Lam Research Price Performance

Lam Research stock traded down $0.13 during trading hours on Tuesday, hitting $77.86. 3,614,062 shares of the company traded hands, compared to its average volume of 11,069,593. The firm's 50-day simple moving average is $79.70 and its two-hundred day simple moving average is $77.30. The firm has a market cap of $99.95 billion, a P/E ratio of 23.65, a P/E/G 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 quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

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 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, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid 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 currently 27.96%.

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.