Orion Portfolio Solutions LLC bought a new position in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 449 shares of the semiconductor company’s stock, valued at approximately $131,000.

A number of other institutional investors have also recently modified their holdings of LRCX. Voya Financial Advisors Inc. raised its position in shares of Lam Research by 19.9% during the 3rd quarter. Voya Financial Advisors Inc. now owns 2,717 shares of the semiconductor company’s stock valued at $625,000 after buying an additional 450 shares in the last quarter. Redpoint Investment Management Pty Ltd lifted its position in Lam Research by 0.4% during the third quarter. Redpoint Investment Management Pty Ltd now owns 24,188 shares of the semiconductor company’s stock valued at $5,590,000 after acquiring an additional 90 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Lam Research during the third quarter valued at approximately $725,000. Boston Partners purchased a new stake in Lam Research during the third quarter valued at approximately $194,039,000. Finally, J.P. Marvel Investment Advisors LLC purchased a new stake in Lam Research during the third quarter valued at approximately $3,954,000. 86.57% of the stock is owned by institutional investors.

LRCX stock traded up $2.91 during midday trading on Wednesday, hitting $233.55. 2,835,755 shares of the stock traded hands, compared to its average volume of 2,186,930. The firm has a market cap of $33.57 billion, a P/E ratio of 17.30, a PEG ratio of 0.67 and a beta of 1.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.30 and a quick ratio of 2.70. The stock’s fifty day simple moving average is $286.95 and its 200-day simple moving average is $273.39. Lam Research Co. has a 1-year low of $171.04 and a 1-year high of $344.32.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.85 by $0.16. Lam Research had a net margin of 21.67% and a return on equity of 45.72%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the business earned $3.87 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, research analysts predict that Lam Research Co. will post 16.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $1.15 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. Lam Research’s dividend payout ratio (DPR) is 31.62%.

A number of research firms recently commented on LRCX. Argus reissued a “buy” rating and set a $340.00 target price on shares of Lam Research in a research report on Thursday, January 16th. ValuEngine raised shares of Lam Research from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America raised their target price on shares of Lam Research from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Co reduced their target price on shares of Lam Research from $325.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Finally, B. Riley cut shares of Lam Research from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $280.00 to $220.00 in a report on Thursday, March 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $302.48.

In other news, CEO Timothy Archer sold 13,026 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $295.78, for a total value of $3,852,830.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mansy Youssef A. El sold 1,010 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $325.11, for a total transaction of $328,361.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,386 shares of company stock worth $7,700,076. Company insiders own 0.43% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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