Lam Research Co. (NASDAQ:LRCX) Shares Bought by Mill Capital Management LLC

Mill Capital Management LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the semiconductor company's stock after buying an additional 36,000 shares during the period. Mill Capital Management LLC's holdings in Lam Research were worth $2,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Insight Wealth Partners LLC purchased a new stake in Lam Research during the 3rd quarter worth approximately $202,000. B&L Asset Management LLC acquired a new stake in shares of Lam Research in the third quarter valued at about $204,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Lam Research in the third quarter worth about $220,000. Virtus Investment Advisers Inc. acquired a new position in Lam Research during the third quarter worth about $245,000. Finally, Qsemble Capital Management LP purchased a new stake in Lam Research during the 3rd quarter valued at about $267,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is owned by corporate insiders.

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Lam Research Stock Down 0.4 %

Shares of Lam Research stock traded down $0.32 on Tuesday, reaching $77.67. 6,436,759 shares of the company were exchanged, compared to its average volume of 11,084,305. The stock's 50 day moving average price is $79.75 and its 200-day moving average price is $77.31. 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 1-year low of $68.87 and a 1-year high of $113.00. The company has a market cap of $99.70 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate 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, equities analysts forecast 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. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is 27.96%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LRCX shares. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a report on Friday, January 17th. Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Wolfe Research lowered shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Finally, Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and raised their target price for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.