Sloy Dahl & Holst LLC Boosts Holdings in Lam Research Co. (NASDAQ:LRCX)

Sloy Dahl & Holst LLC increased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,430 shares of the semiconductor company’s stock after buying an additional 15,687 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in Lam Research were worth $1,259,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares during the last quarter. Sunflower Bank N.A. purchased a new stake in Lam Research during the third quarter worth about $202,000. Insight Wealth Partners LLC purchased a new stake in Lam Research during the third quarter worth about $202,000. B&L Asset Management LLC purchased a new stake in Lam Research during the third quarter worth about $204,000. Finally, CWC Advisors LLC. purchased a new stake in Lam Research during the third quarter worth about $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

LRCX opened at $80.19 on Tuesday. The stock’s 50 day simple moving average is $76.05 and its 200 day simple moving average is $78.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm has a market cap of $103.18 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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, analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research’s payout ratio is 27.95%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LRCX. B. Riley cut their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Mizuho reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lifted their target price on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.72.

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.