Lam Research Co. (NASDAQ:LRCX) Holdings Lifted by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 871.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,931 shares of the semiconductor company’s stock after buying an additional 15,188 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Lam Research were worth $1,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LRCX. Financial Advocates Investment Management boosted its position in shares of Lam Research by 27.0% in the 3rd quarter. Financial Advocates Investment Management now owns 945 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 201 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Lam Research by 1.1% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 26,065 shares of the semiconductor company’s stock worth $21,271,000 after acquiring an additional 282 shares in the last quarter. Sitrin Capital Management LLC lifted its stake in Lam Research by 7.3% in the 3rd quarter. Sitrin Capital Management LLC now owns 7,997 shares of the semiconductor company’s stock worth $6,528,000 after acquiring an additional 546 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Lam Research by 946.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,082 shares of the semiconductor company’s stock worth $9,044,000 after acquiring an additional 10,023 shares in the last quarter. Finally, Conning Inc. lifted its stake in Lam Research by 26.4% in the 3rd quarter. Conning Inc. now owns 6,793 shares of the semiconductor company’s stock worth $5,544,000 after acquiring an additional 1,420 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by insiders.

Lam Research Trading Up 0.7 %

Shares of LRCX opened at $76.70 on Friday. The stock has a fifty day moving average price of $78.94 and a two-hundred day moving average price of $78.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market cap of $98.45 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.47 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. Analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.20%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LRCX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. 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 research note on Friday, January 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. The Goldman Sachs Group cut their price target 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, Morgan Stanley raised their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $98.22.

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.