Optimum Investment Advisors Boosts Position in Lam Research Co. (NASDAQ:LRCX)

Optimum Investment Advisors lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,280 shares of the semiconductor company's stock after acquiring an additional 8,352 shares during the period. Optimum Investment Advisors' holdings in Lam Research were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its holdings in shares of Lam Research by 3.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,859 shares of the semiconductor company's stock valued at $3,149,000 after purchasing an additional 144 shares during the last quarter. Pacer Advisors Inc. raised its stake in Lam Research by 9.2% in the third quarter. Pacer Advisors Inc. now owns 24,366 shares of the semiconductor company's stock valued at $19,885,000 after buying an additional 2,062 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Lam Research by 1,111.3% in the third quarter. Eagle Asset Management Inc. now owns 52,036 shares of the semiconductor company's stock worth $42,466,000 after acquiring an additional 47,740 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Lam Research during the third quarter worth about $778,000. Finally, Nicolet Advisory Services LLC increased its holdings in shares of Lam Research by 909.8% during the third quarter. Nicolet Advisory Services LLC now owns 4,514 shares of the semiconductor company's stock valued at $3,684,000 after acquiring an additional 4,067 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

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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 shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Oppenheimer assumed coverage on shares of Lam Research in a report on Thursday, March 20th. They set an "outperform" rating and a $95.00 target price for the company. Morgan Stanley upped their price target 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. Finally, Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research note 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.06.

Lam Research Trading Down 0.4 %

Shares of LRCX traded down $0.32 during midday trading on Tuesday, reaching $77.67. The company had a trading volume of 6,434,927 shares, compared to its average volume of 11,069,593. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. 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 firm has a 50 day simple moving average of $79.70 and a 200-day simple moving average of $77.30. The stock has a market cap of $99.70 billion, a PE 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 released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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%. Research analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 1.18%. Lam Research's dividend payout ratio is currently 27.96%.

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.