Mizuho Securities USA LLC Acquires 113,495 Shares of Lam Research Co. (NASDAQ:LRCX)

Mizuho Securities USA LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,342.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,949 shares of the semiconductor company's stock after purchasing an additional 113,495 shares during the quarter. Mizuho Securities USA LLC's holdings in Lam Research were worth $8,808,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Insight Wealth Partners LLC acquired a new stake in shares of Lam Research in the third quarter valued at approximately $202,000. B&L Asset Management LLC bought a new position in shares of Lam Research in the 3rd quarter valued at about $204,000. Dynamic Technology Lab Private Ltd bought a new stake in Lam Research during the third quarter worth about $220,000. Concorde Asset Management LLC acquired a new position in Lam Research during the third quarter valued at approximately $242,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Lam Research during the 3rd quarter worth approximately $245,000. 84.61% of the stock is owned by institutional investors.

Lam Research Price Performance

NASDAQ:LRCX traded up $0.08 during mid-day trading on Tuesday, reaching $78.07. The stock had a trading volume of 2,127,649 shares, compared to its average volume of 11,069,593. The stock has a 50-day simple moving average of $79.70 and a two-hundred day simple moving average of $77.30. 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 12 month low of $68.87 and a 12 month high of $113.00. The stock has a market capitalization of $100.22 billion, a PE ratio of 23.73, a P/E/G ratio of 1.47 and a beta of 1.53.

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Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 yield of 1.18%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio is 27.96%.

Analyst Ratings Changes

Several research firms recently weighed in on LRCX. Oppenheimer began coverage on shares of Lam Research in a research note on Thursday, March 20th. They issued an "outperform" rating and a $95.00 target price for the company. Wells Fargo & Company upped their price objective on Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and raised their price target for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.06.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction on Thursday, February 20th. The stock was 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 in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

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.