J.W. Cole Advisors Inc. Purchases 2,725 Shares of Lam Research Co. (NASDAQ:LRCX)

J.W. Cole Advisors Inc. increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 695.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,117 shares of the semiconductor company’s stock after buying an additional 2,725 shares during the period. J.W. Cole Advisors Inc.’s holdings in Lam Research were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LRCX. Palouse Capital Management Inc. grew its stake in Lam Research by 1,409.6% in the fourth quarter. Palouse Capital Management Inc. now owns 32,395 shares of the semiconductor company’s stock valued at $2,340,000 after purchasing an additional 30,249 shares in the last quarter. James Investment Research Inc. grew its stake in Lam Research by 900.0% in the fourth quarter. James Investment Research Inc. now owns 4,000 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 3,600 shares in the last quarter. WD Rutherford LLC grew its stake in Lam Research by 828.7% in the fourth quarter. WD Rutherford LLC now owns 9,724 shares of the semiconductor company’s stock valued at $702,000 after purchasing an additional 8,677 shares in the last quarter. VeraBank N.A. grew its stake in Lam Research by 904.0% in the fourth quarter. VeraBank N.A. now owns 5,482 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 4,936 shares in the last quarter. Finally, Kuhn & Co Investment Counsel grew its stake in Lam Research by 900.0% in the fourth quarter. Kuhn & Co Investment Counsel now owns 20,840 shares of the semiconductor company’s stock valued at $1,505,000 after purchasing an additional 18,756 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $86.02 on Friday. The stock has a market capitalization of $110.42 billion, a PE ratio of 26.13, a P/E/G ratio of 1.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The business has a fifty day moving average price of $78.46 and a two-hundred day moving average price of $78.03. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating 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 analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm 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 $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. Lam Research’s payout ratio is 27.95%.

Analyst Ratings Changes

A number of research firms have weighed in on LRCX. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $75.00 to $125.00 in a research note on Thursday. Finally, The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $98.22.

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.