Linden Thomas Advisory Services LLC Boosts Stake in Lam Research Co. (NASDAQ:LRCX)

Linden Thomas Advisory Services LLC lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 6.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,098 shares of the semiconductor company’s stock after acquiring an additional 253 shares during the quarter. Lam Research comprises approximately 0.6% of Linden Thomas Advisory Services LLC’s portfolio, making the stock its 15th largest position. Linden Thomas Advisory Services LLC’s holdings in Lam Research were worth $3,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LRCX. AE Wealth Management LLC boosted its position in shares of Lam Research by 11.4% in the third quarter. AE Wealth Management LLC now owns 5,833 shares of the semiconductor company’s stock worth $3,656,000 after buying an additional 596 shares during the period. Capital Investment Advisors LLC acquired a new stake in Lam Research during the 3rd quarter valued at approximately $410,000. 1900 Wealth Management LLC acquired a new stake in Lam Research during the 3rd quarter valued at approximately $409,000. Royal Fund Management LLC grew its stake in Lam Research by 2.2% during the 3rd quarter. Royal Fund Management LLC now owns 5,785 shares of the semiconductor company’s stock valued at $3,626,000 after purchasing an additional 122 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its stake in Lam Research by 93.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 1,620 shares of the semiconductor company’s stock valued at $1,016,000 after purchasing an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Lam Research stock traded up $16.95 during mid-day trading on Tuesday, hitting $885.02. 589,700 shares of the company’s stock traded hands, compared to its average volume of 1,052,068. The firm has a 50 day moving average price of $944.64 and a 200 day moving average price of $804.00. The company has a quick ratio of 2.02, a current ratio of 3.06 and a debt-to-equity ratio of 0.61. The company has a market cap of $116.03 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.51. Lam Research Co. has a one year low of $493.42 and a one year high of $1,007.39.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, beating the consensus estimate of $7.06 by $0.46. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.71 billion. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The firm’s revenue for the quarter was down 28.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.71 EPS. On average, equities analysts forecast that Lam Research Co. will post 28.92 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s dividend payout ratio (DPR) is presently 30.94%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group raised their price objective on Lam Research from $885.00 to $1,130.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group lifted their target price on Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Needham & Company LLC lifted their target price on Lam Research from $900.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Lam Research in a research report on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 target price for the company. Finally, Raymond James lifted their target price on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $931.85.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the transaction, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is owned by company insiders.

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.