Winmill & CO. Inc. Has $7.87 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Winmill & CO. Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 109,000 shares of the semiconductor company's stock after acquiring an additional 98,100 shares during the period. Lam Research accounts for about 2.5% of Winmill & CO. Inc.'s holdings, making the stock its 17th biggest position. Winmill & CO. Inc.'s holdings in Lam Research were worth $7,873,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Fairway Wealth LLC grew its position in Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares during the period. Financial Perspectives Inc boosted its position in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares during the period. Atwood & Palmer Inc. acquired a new stake in Lam Research in the 4th quarter valued at $27,000. Midwest Capital Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth about $27,000. Finally, Bell Investment Advisors Inc grew its stake in shares of Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LRCX. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $100.00 price objective on shares of Lam Research in a research report on Tuesday, February 18th. KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research note on Friday, January 17th. Barclays lowered their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $96.87.

Remove Ads

Lam Research Price Performance

Lam Research stock traded up $1.05 during trading hours on Friday, hitting $67.48. 14,704,156 shares of the company traded hands, compared to its average volume of 12,144,348. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The firm has a market cap of $86.62 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.47 and a beta of 1.52. The firm's 50-day simple moving average is $76.49 and its two-hundred day simple moving average is $76.49. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.36%. Lam Research's payout ratio is currently 27.96%.

Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.29% of the company's stock.

Lam Research Company 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.