Resonant Capital Advisors LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 666 shares of the semiconductor company’s stock, valued at approximately $281,000.
A number of other large investors also recently modified their holdings of the company. Sands Capital Management LLC boosted its position in shares of Lam Research by 27.7% in the third quarter. Sands Capital Management LLC now owns 2,396,878 shares of the semiconductor company’s stock valued at $877,257,000 after acquiring an additional 519,679 shares during the period. Fisher Asset Management LLC lifted its position in Lam Research by 13.8% during the third quarter. Fisher Asset Management LLC now owns 2,268,753 shares of the semiconductor company’s stock valued at $830,364,000 after purchasing an additional 275,864 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Lam Research by 345.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,224,808 shares of the semiconductor company’s stock valued at $521,952,000 after purchasing an additional 949,749 shares during the last quarter. Amundi lifted its position in Lam Research by 3.7% during the second quarter. Amundi now owns 1,211,060 shares of the semiconductor company’s stock valued at $509,336,000 after purchasing an additional 42,874 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Lam Research by 6.2% during the third quarter. Van ECK Associates Corp now owns 1,140,329 shares of the semiconductor company’s stock worth $417,360,000 after acquiring an additional 66,847 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors.
Lam Research Stock Down 0.2 %
NASDAQ:LRCX opened at $530.12 on Friday. The firm’s 50-day moving average price is $500.78 and its 200-day moving average price is $448.47. The company has a market capitalization of $71.53 billion, a PE ratio of 14.25, a P/E/G ratio of 9.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.02 and a quick ratio of 1.95. Lam Research Co. has a 1-year low of $299.59 and a 1-year high of $574.79.
Lam Research Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be given a dividend of $1.725 per share. This represents a $6.90 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, March 14th. Lam Research’s dividend payout ratio (DPR) is 18.55%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and lifted their price target for the stock from $400.00 to $520.00 in a research note on Monday, December 12th. Barclays upped their price objective on shares of Lam Research from $300.00 to $475.00 and gave the stock an “equal weight” rating in a report on Monday, January 23rd. KGI Securities upgraded shares of Lam Research from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 1st. Mizuho upped their price objective on shares of Lam Research from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Thursday, January 26th. Finally, DA Davidson restated a “neutral” rating on shares of Lam Research in a report on Tuesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $492.10.
Insider Activity at Lam Research
In related news, Director Abhijit Y. Talwalkar sold 880 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $429.72, for a total transaction of $378,153.60. Following the sale, the director now directly owns 14,762 shares of the company’s stock, valued at approximately $6,343,526.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is currently owned by insiders.
About Lam Research
Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.
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