PFG Advisors Purchases 24,333 Shares of Lam Research Co. (NASDAQ:LRCX)

PFG Advisors raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 918.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,983 shares of the semiconductor company's stock after buying an additional 24,333 shares during the quarter. PFG Advisors' holdings in Lam Research were worth $1,949,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $50,560,000. Moors & Cabot Inc. increased its holdings in shares of Lam Research by 962.6% during the fourth quarter. Moors & Cabot Inc. now owns 26,683 shares of the semiconductor company's stock valued at $1,927,000 after acquiring an additional 24,172 shares in the last quarter. Prosperity Financial Group Inc. bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $333,000. Natural Investments LLC bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $209,000. Finally, AGF Management Ltd. increased its holdings in shares of Lam Research by 823.2% during the fourth quarter. AGF Management Ltd. now owns 1,756,675 shares of the semiconductor company's stock valued at $126,885,000 after acquiring an additional 1,566,403 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cantor Fitzgerald restated an "overweight" rating and set a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Barclays decreased their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. The Goldman Sachs Group decreased their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $98.22.

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Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $1.33 during trading on Thursday, reaching $75.26. 9,741,654 shares of the stock traded hands, compared to its average volume of 11,066,711. Lam Research Co. has a 52-week low of $68.87 and a 52-week 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 company has a 50-day moving average of $79.50 and a 200-day moving average of $77.44. The stock has a market capitalization of $96.61 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. 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. Investors of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.22%. Lam Research's dividend payout ratio (DPR) is 27.96%.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction dated 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 directly owns 179,084 shares in the company, valued at $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 available through this hyperlink. 0.29% of the stock is currently owned by insiders.

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.