Optimum Investment Advisors Has $670,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Optimum Investment Advisors boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,280 shares of the semiconductor company’s stock after purchasing an additional 8,352 shares during the quarter. Optimum Investment Advisors’ holdings in Lam Research were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LRCX. Fox Run Management L.L.C. raised its holdings in shares of Lam Research by 732.7% in the 4th quarter. Fox Run Management L.L.C. now owns 17,378 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 15,291 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Lam Research during the 4th quarter worth approximately $46,206,000. Marietta Investment Partners LLC raised its stake in shares of Lam Research by 850.3% in the fourth quarter. Marietta Investment Partners LLC now owns 12,430 shares of the semiconductor company’s stock worth $898,000 after purchasing an additional 11,122 shares during the last quarter. Umpqua Bank lifted its holdings in shares of Lam Research by 964.6% in the fourth quarter. Umpqua Bank now owns 43,490 shares of the semiconductor company’s stock valued at $3,264,000 after purchasing an additional 39,405 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Lam Research by 1,219.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 10,750 shares of the semiconductor company’s stock valued at $776,000 after buying an additional 9,935 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of several recent analyst reports. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Friday, January 17th. Oppenheimer began coverage on shares of Lam Research in a research report on Thursday. They set an “outperform” rating and a $95.00 price target on the stock. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and upped their target price for the company from $75.00 to $125.00 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.06.

Lam Research Stock Performance

NASDAQ LRCX opened at $75.84 on Friday. The company’s 50 day moving average is $79.62 and its 200-day moving average is $77.28. The firm has a market cap of $97.35 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

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

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.96%.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Lam Research Company 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.