Koss Olinger Consulting LLC Purchases Shares of 15,770 Lam Research Co. (NASDAQ:LRCX)

Koss Olinger Consulting LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 15,770 shares of the semiconductor company’s stock, valued at approximately $1,139,000.

Several other institutional investors have also added to or reduced their stakes in LRCX. Claro Advisors LLC raised its holdings in Lam Research by 151.0% in the 3rd quarter. Claro Advisors LLC now owns 527 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 317 shares in the last quarter. Joseph Group Capital Management raised its holdings in Lam Research by 32.2% in the 3rd quarter. Joseph Group Capital Management now owns 4,315 shares of the semiconductor company’s stock worth $3,521,000 after purchasing an additional 1,051 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Lam Research by 8.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 10,711 shares of the semiconductor company’s stock worth $8,741,000 after purchasing an additional 864 shares in the last quarter. Caprock Group LLC raised its holdings in Lam Research by 4.9% in the 3rd quarter. Caprock Group LLC now owns 3,317 shares of the semiconductor company’s stock worth $2,715,000 after purchasing an additional 156 shares in the last quarter. Finally, Whalen Wealth Management Inc. bought a new position in Lam Research in the 3rd quarter worth $798,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $77.36 on Wednesday. The firm’s 50-day moving average price is $79.57 and its 200-day moving average price is $77.36. 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 company has a market cap of $99.30 billion, a PE ratio of 23.50, a PEG ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00.

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

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is presently 27.96%.

Analysts Set New Price Targets

Several brokerages have commented on LRCX. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. KeyCorp upgraded shares of 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. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their price target on shares of 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 analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.22.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by insiders.

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.