Olympiad Research LP Boosts Position in Lam Research Co. (NASDAQ:LRCX)

Olympiad Research LP boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 360.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,339 shares of the semiconductor company’s stock after buying an additional 2,614 shares during the period. Olympiad Research LP’s holdings in Lam Research were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LRCX. Private Advisor Group LLC raised its holdings in Lam Research by 8.1% in the third quarter. Private Advisor Group LLC now owns 6,374 shares of the semiconductor company’s stock valued at $5,201,000 after buying an additional 480 shares during the period. Dakota Wealth Management grew its position in Lam Research by 49.3% in the third quarter. Dakota Wealth Management now owns 1,624 shares of the semiconductor company’s stock valued at $1,325,000 after acquiring an additional 536 shares in the last quarter. Allworth Financial LP grew its position in Lam Research by 12.2% in the third quarter. Allworth Financial LP now owns 2,126 shares of the semiconductor company’s stock valued at $1,735,000 after acquiring an additional 231 shares in the last quarter. PFG Investments LLC grew its position in Lam Research by 186.7% in the third quarter. PFG Investments LLC now owns 1,190 shares of the semiconductor company’s stock valued at $972,000 after acquiring an additional 775 shares in the last quarter. Finally, FCG Investment Co grew its position in Lam Research by 72.9% in the third quarter. FCG Investment Co now owns 1,629 shares of the semiconductor company’s stock valued at $1,329,000 after acquiring an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $86.02 on Monday. The business’s fifty day moving average price is $78.46 and its 200 day moving average price is $78.04. 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 $110.42 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. 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 quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is 27.96%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent research reports. Mizuho increased their price objective on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $100.00 price target on shares of Lam Research in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently 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.