Dana Investment Advisors Inc. Purchases New Position in Shares of Lam Research Co.

Dana Investment Advisors Inc. Purchases New Position in Shares of Lam Research Co. During the 4th quarter, the assets of Lam Research Co. (NASDAQ: LRCX) were increased by 988.6% by Dana Investment Advisors Inc. According to the company’s most recent Form 13F filed with the Securities and Exchange Commission (SEC), the company now owns 42,924 shares of the semiconductor company’s stock, up from the previous 38,981 shares owned by the company. Investments of Dana Investment Advisors Inc. in Lam Research were valued at $3,100,000 as of the end of the company’s latest reporting to the SEC.

Other institutional investors and hedge funds have also recently changed their holdings of the stock. In the third quarter, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Lam Research by 2,400.0%. Following the purchase of 192 shares in the last quarter, Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock, which is valued at $163,000. Insight Wealth Partners LLC has a new position in Lam Research. In the third quarter, Insight Wealth Partners LLC bought a new position in Lam Research with a market value of $202,000. B&L Asset Management LLC has a new position in Lam Research. In the third quarter, Dynamic Technology Lab Private Ltd bought a new position in Lam Research with a market value of $220,000. Concorde Asset Management LLC has a new position in Lam Research. In the third quarter, Concorde Asset Management LLC bought a new position in Lam Research with a market value of $242,000. The company’s stock is owned by institutional investors at 84.61%. LRCX has been the subject of a number of recent research reports.

On Thursday, December 5, Morgan Stanley raised its target price on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating. The Goldman Sachs Group dropped their price objective 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. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $100.00 price objective on shares of Lam Research in a research note on Tuesday, February 18th. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.22.

The following in related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company'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 sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company's stock.

Lam Research stock opened at $79.01 on Friday. The company has a market capitalization of $101.42 billion, a PE ratio of 24.00, a P/E/G ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a 50-day simple moving average of $79.30 and a two-hundred day simple moving average of $77.82. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00.

Lam Research last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. Research analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

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 dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.16%. Lam Research's payout ratio is 27.96%.

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.