World Investment Advisors Raises Position in Lam Research Co. (NASDAQ:LRCX)

World Investment Advisors grew its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 2,039.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,798 shares of the semiconductor company's stock after buying an additional 5,527 shares during the period. World Investment Advisors' holdings in Lam Research were worth $419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Westpac Banking Corp increased its position in Lam Research by 825.1% during the fourth quarter. Westpac Banking Corp now owns 82,795 shares of the semiconductor company's stock worth $5,980,000 after buying an additional 73,845 shares during the period. Biltmore Family Office LLC grew its position in shares of Lam Research by 900.0% during the fourth quarter. Biltmore Family Office LLC now owns 4,890 shares of the semiconductor company's stock worth $354,000 after acquiring an additional 4,401 shares during the last quarter. SevenBridge Financial Group LLC increased its holdings in shares of Lam Research by 1.3% in the 4th quarter. SevenBridge Financial Group LLC now owns 33,186 shares of the semiconductor company's stock valued at $2,397,000 after acquiring an additional 416 shares during the period. Bryce Point Capital LLC purchased a new stake in Lam Research in the 4th quarter valued at $506,000. Finally, Huntington National Bank boosted its stake in Lam Research by 944.0% during the 4th quarter. Huntington National Bank now owns 294,762 shares of the semiconductor company's stock worth $21,291,000 after purchasing an additional 266,527 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Mizuho upped their price objective on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company lifted their target price 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Finally, KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.87.

Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by insiders.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $1.05 during midday trading on Friday, hitting $67.48. 14,704,156 shares of the stock were exchanged, compared to its average volume of 12,144,348. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $76.49 and a 200-day moving average price of $76.49. The stock has a market cap of $86.62 billion, a P/E ratio of 20.50, a PEG ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results 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 net margin of 26.49% and a return on equity of 51.86%. On average, research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

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