Jackson Creek Investment Advisors LLC Has $446,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

Jackson Creek Investment Advisors LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 493.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,174 shares of the semiconductor company’s stock after buying an additional 5,134 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Lam Research were worth $446,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. West Family Investments Inc. lifted its stake in Lam Research by 986.6% in the fourth quarter. West Family Investments Inc. now owns 5,911 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 5,367 shares during the period. Destination Wealth Management raised its position in shares of Lam Research by 1,098.6% during the fourth quarter. Destination Wealth Management now owns 3,320 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 3,043 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of Lam Research by 900.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,520 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 1,368 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Lam Research during the fourth quarter worth approximately $5,453,000. Finally, Callan Family Office LLC acquired a new position in shares of Lam Research during the fourth quarter worth approximately $1,020,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 target price on shares of Lam Research in a research report on Tuesday, February 18th. Wells Fargo & Company upped their target price on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and upped their target price for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Finally, Mizuho upped their target price on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Lam Research Stock Up 3.3 %

Shares of NASDAQ:LRCX opened at $79.01 on Friday. The company has a market capitalization of $101.42 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The business has a fifty day moving average price of $79.30 and a two-hundred day moving average price of $77.74. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00.

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

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. Lam Research’s payout ratio is 27.96%.

Insider Transactions at Lam Research

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