Lyell Wealth Management LP Has $404,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Lyell Wealth Management LP increased its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,600 shares of the semiconductor company's stock after purchasing an additional 5,040 shares during the period. Lyell Wealth Management LP's holdings in Lam Research were worth $404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares during the period. State Street Corp boosted its holdings in Lam Research by 1.6% in the 3rd quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock valued at $4,817,113,000 after purchasing an additional 94,086 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Lam Research by 827.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company's stock worth $228,285,000 after purchasing an additional 2,819,668 shares during the period. Geode Capital Management LLC raised its stake in shares of Lam Research by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company's stock worth $2,539,413,000 after buying an additional 64,053 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Lam Research by 1,488.8% in the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company's stock valued at $221,674,000 after buying an additional 2,875,843 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus restated a "buy" rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. BNP Paribas raised shares of Lam Research to a "hold" rating in a report on Thursday, October 24th. Cantor Fitzgerald restated an "overweight" rating and set a $100.00 target price on shares of Lam Research in a research report on Tuesday. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Finally, Mizuho upped their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.22.

Insider Buying and Selling

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business'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 owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX traded down $3.06 during mid-day trading on Friday, hitting $85.96. The stock had a trading volume of 5,452,549 shares, compared to its average volume of 12,220,118. The stock has a market capitalization of $110.34 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.45 and a beta of 1.46. The company has a 50 day simple moving average of $78.27 and a 200-day simple moving average of $77.97. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. 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 (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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, research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.07%. Lam Research's payout ratio is currently 27.95%.

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.