Winmill & CO. Inc. Acquires 98,100 Shares of Lam Research Co. (NASDAQ:LRCX)

Winmill & CO. Inc. raised its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,000 shares of the semiconductor company’s stock after acquiring an additional 98,100 shares during the period. Lam Research makes up about 2.5% of Winmill & CO. Inc.’s portfolio, making the stock its 17th biggest holding. Winmill & CO. Inc.’s holdings in Lam Research were worth $7,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Financial Perspectives Inc raised its position in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 309 shares during the last quarter. Fairway Wealth LLC grew its holdings in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 306 shares during the period. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research in the fourth quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc lifted its stake in Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 343 shares during the period. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 completion of the transaction, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is currently owned by insiders.

Lam Research Price Performance

LRCX opened at $59.09 on Monday. The stock has a market capitalization of $75.85 billion, a P/E ratio of 17.95, a PEG ratio of 1.47 and a beta of 1.52. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $56.89 and a 12-month high of $113.00. The stock has a 50-day moving average price of $78.26 and a 200-day moving average price of $77.08.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results 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 net margin of 26.49% and a return on equity of 51.86%. Equities analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.56%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. The Goldman Sachs Group cut their price target 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. Oppenheimer assumed coverage on Lam Research in a research report on Thursday, March 20th. They issued an “outperform” rating and a $95.00 price target for the company. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Finally, Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $97.59.

Lam Research 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.