Lam Research Co. (NASDAQ:LRCX) Stock Holdings Raised by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,168.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,320 shares of the semiconductor company's stock after purchasing an additional 167,944 shares during the quarter. iA Global Asset Management Inc.'s holdings in Lam Research were worth $13,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Perspectives Inc lifted its position in shares of Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares during the period. Fairway Wealth LLC increased its stake in 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 purchasing an additional 306 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Lam Research during the fourth quarter worth $27,000. Midwest Capital Advisors LLC purchased a new stake in Lam Research during the fourth quarter worth $27,000. Finally, Bell Investment Advisors Inc grew its holdings 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 purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Trading Up 2.8 %

NASDAQ LRCX traded up $2.15 during mid-day trading on Monday, hitting $77.99. The company's stock had a trading volume of 7,951,352 shares, compared to its average volume of 11,071,081. The firm has a market capitalization of $100.11 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock's fifty day simple moving average is $79.70 and its two-hundred day simple moving average is $77.30.

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Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 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%. Research analysts expect 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. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's payout ratio is 27.96%.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's 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 transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on LRCX. Oppenheimer started coverage on shares of Lam Research in a research report on Thursday. They issued an "outperform" rating and a $95.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. The Goldman Sachs Group dropped their price objective 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 raised their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently 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.