Metis Global Partners LLC Has $4.45 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Metis Global Partners LLC boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 927.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 61,637 shares of the semiconductor company’s stock after buying an additional 55,639 shares during the quarter. Metis Global Partners LLC’s holdings in Lam Research were worth $4,452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares during the period. Insight Wealth Partners LLC acquired a new position in shares of Lam Research in the 3rd quarter worth approximately $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research in the 3rd quarter valued at $204,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Lam Research during the third quarter worth $220,000. Finally, Concorde Asset Management LLC bought a new position in Lam Research during the third quarter worth $242,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LRCX shares. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and set a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Finally, Barclays lowered their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.22.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction that occurred 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 $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Lam Research Stock Performance

Shares of Lam Research stock opened at $76.70 on Friday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. 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 business has a 50 day moving average price of $78.94 and a 200-day moving average price of $78.07. The company has a market cap of $98.45 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

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.