Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 926.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,199 shares of the semiconductor company’s stock after acquiring an additional 55,234 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Lam Research were worth $4,420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LRCX. Cinctive Capital Management LP acquired a new stake in Lam Research in the third quarter valued at approximately $1,762,000. Hilltop Holdings Inc. grew its stake in Lam Research by 65.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,350 shares of the semiconductor company’s stock valued at $1,101,000 after acquiring an additional 536 shares during the period. IHT Wealth Management LLC grew its stake in Lam Research by 5.7% in the 3rd quarter. IHT Wealth Management LLC now owns 2,729 shares of the semiconductor company’s stock valued at $2,216,000 after acquiring an additional 147 shares during the period. Rench Wealth Management Inc. increased its holdings in Lam Research by 3.1% in the 3rd quarter. Rench Wealth Management Inc. now owns 7,922 shares of the semiconductor company’s stock worth $6,465,000 after acquiring an additional 237 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in Lam Research by 3.0% during the third quarter. Royal London Asset Management Ltd. now owns 65,282 shares of the semiconductor company’s stock worth $53,275,000 after acquiring an additional 1,884 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was 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 the SEC website. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LRCX. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Wells Fargo & Company boosted their price objective on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Mizuho raised their price objective on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.59.

Lam Research Trading Up 1.3 %

NASDAQ LRCX opened at $73.78 on Thursday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a market capitalization of $94.71 billion, a P/E ratio of 22.41, a PEG ratio of 1.47 and a beta of 1.53. The firm’s 50-day moving average is $78.99 and its two-hundred day moving average is $77.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX) last announced its 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%. On average, sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.25%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

About Lam Research

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.