Optas LLC Has $541,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

Optas LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 24.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,439 shares of the semiconductor company’s stock after buying an additional 1,447 shares during the period. Optas LLC’s holdings in Lam Research were worth $541,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LRCX. One Charles Private Wealth Services LLC increased its stake in Lam Research by 843.4% in the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 3,576 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Lam Research by 1,410.7% in the 4th quarter. Stephens Inc. AR now owns 6,194 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 5,784 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Lam Research by 1,159.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 243,502 shares of the semiconductor company’s stock worth $17,639,000 after buying an additional 224,164 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Lam Research by 842.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 509,753 shares of the semiconductor company’s stock worth $37,416,000 after buying an additional 455,673 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the company a “hold” rating in a research note on Thursday, April 24th. Barclays reduced their price target on shares of Lam Research from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Bank of America lowered their price objective on shares of Lam Research from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Morgan Stanley raised their target price on shares of Lam Research from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Finally, Oppenheimer decreased their target price on shares of Lam Research from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $90.87.

Lam Research Trading Down 2.3%

Shares of LRCX stock opened at $89.52 on Friday. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a market cap of $114.51 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.47 and a beta of 1.65. The stock has a 50-day moving average of $77.13 and a 200-day moving average of $77.01.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the firm posted $7.79 EPS. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research’s dividend payout ratio (DPR) is presently 25.63%.

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.