Orion Portfolio Solutions LLC Increases Position in Lam Research Co. (NASDAQ:LRCX)

Orion Portfolio Solutions LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 876.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,008 shares of the semiconductor company's stock after buying an additional 47,577 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Lam Research were worth $3,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Lam Research by 892.7% during the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after purchasing an additional 108,619,564 shares during the period. Norges Bank purchased a new position in Lam Research during the 4th quarter valued at about $1,661,672,000. Fisher Asset Management LLC increased its position 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 valued at $1,341,902,000 after purchasing an additional 16,706,708 shares during the period. Amundi raised its holdings 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 valued at $990,464,000 after purchasing an additional 12,777,094 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 worth $851,361,000 after purchasing an additional 10,559,508 shares during the period. 84.61% of the stock is owned by institutional investors.

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Insider Activity at Lam Research

In other 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Lam Research Stock Performance

LRCX stock traded down $4.17 during midday trading on Friday, hitting $61.05. 6,540,060 shares of the stock traded hands, compared to its average volume of 11,743,884. Lam Research Co. has a 1-year low of $58.01 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The stock's fifty day simple moving average is $78.67 and its 200-day simple moving average is $77.19. The firm has a market cap of $78.37 billion, a P/E ratio of 18.25, a PEG ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating 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, 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 declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.51%. Lam Research's dividend payout ratio is currently 27.96%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wolfe Research cut Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Six 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, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $97.59.

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.