L & S Advisors Inc Buys 20,169 Shares of Lam Research Co. (NASDAQ:LRCX)

L & S Advisors Inc boosted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 196.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,433 shares of the semiconductor company's stock after purchasing an additional 20,169 shares during the period. L & S Advisors Inc's holdings in Lam Research were worth $2,198,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Lam Research by 892.7% during the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after acquiring an additional 108,619,564 shares during the last quarter. Norges Bank acquired a new stake in Lam Research during the 4th quarter valued at approximately $1,661,672,000. Fisher Asset Management LLC raised its holdings in Lam Research by 892.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock worth $1,341,902,000 after purchasing an additional 16,706,708 shares during the last quarter. Amundi lifted its position in shares of Lam Research by 7,601.9% in the 4th quarter. Amundi now owns 12,945,172 shares of the semiconductor company's stock worth $990,464,000 after purchasing an additional 12,777,094 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Lam Research by 860.4% in the 4th quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock valued at $851,361,000 after purchasing an additional 10,559,508 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 owns 179,084 shares in the company, valued at $16,117,560. This trade 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. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LRCX. Wells Fargo & Company lifted their target price on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Cantor Fitzgerald restated an "overweight" rating and set a $100.00 target price on shares of Lam Research in a research report on Tuesday, February 18th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Finally, Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.59.

Lam Research Stock Performance

Lam Research stock traded up $0.95 during mid-day trading on Wednesday, reaching $73.78. 7,526,489 shares of the company's stock were exchanged, compared to its average volume of 11,701,164. The firm has a market capitalization of $94.71 billion, a PE ratio of 22.41, a P/E/G ratio of 1.47 and a beta of 1.53. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The business's fifty day simple moving average is $79.18 and its 200 day simple moving average is $77.30. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00.

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, topping 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%. On average, sell-side analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio is currently 27.96%.

About Lam Research

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.