Orion Portfolio Solutions LLC Raises Stock Position in Lam Research Co. (NASDAQ:LRCX)

Orion Portfolio Solutions LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 876.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,008 shares of the semiconductor company’s stock after purchasing an additional 47,577 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Lam Research were worth $3,829,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. B&L Asset Management LLC purchased a new position in Lam Research in the 3rd quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd purchased a new position in Lam Research in the third quarter valued at $220,000. Virtus Investment Advisers Inc. acquired a new position in Lam Research during the 3rd quarter worth $245,000. Fairway Wealth LLC increased its holdings in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 306 shares during the period. Finally, Financial Perspectives Inc raised its position in Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 309 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 the company’s 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 transaction, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

Shares of LRCX stock opened at $72.61 on Monday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock’s 50-day moving average price is $79.51 and its 200 day moving average price is $77.34. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $93.21 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 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%. As a group, equities research analysts forecast that Lam Research Co. will post 3.71 EPS 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 is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.27%. Lam Research’s dividend payout ratio (DPR) is 27.96%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LRCX shares. Wolfe Research downgraded 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 issued a $100.00 price objective on shares of Lam Research in a research report on Tuesday, February 18th. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and increased their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.59.

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.