Level Four Advisory Services LLC Purchases Shares of 106,442 Lam Research Co. (NASDAQ:LRCX)

Level Four Advisory Services LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 106,442 shares of the semiconductor company’s stock, valued at approximately $7,688,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. denkapparat Operations GmbH bought a new position in shares of Lam Research during the fourth quarter valued at $696,000. Orion Portfolio Solutions LLC lifted its holdings in Lam Research by 876.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 53,008 shares of the semiconductor company’s stock valued at $3,829,000 after purchasing an additional 47,577 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Lam Research by 1,010.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,872,549 shares of the semiconductor company’s stock valued at $568,634,000 after buying an additional 7,163,580 shares in the last quarter. Cincinnati Financial Corp increased its holdings in shares of Lam Research by 900.0% during the fourth quarter. Cincinnati Financial Corp now owns 277,240 shares of the semiconductor company’s stock worth $20,025,000 after buying an additional 249,516 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Lam Research by 204.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 578,510 shares of the semiconductor company’s stock valued at $41,786,000 after acquiring an additional 388,782 shares during the last quarter. 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research analyst reports. Mizuho increased their price target on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Wells Fargo & Company raised their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Morgan Stanley boosted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Barclays lowered their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.06.

Lam Research Stock Performance

Shares of LRCX opened at $74.81 on Friday. 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 $68.87 and a 12 month high of $113.00. The firm has a fifty day simple moving average of $79.66 and a 200 day simple moving average of $77.32. The stock has a market capitalization of $96.03 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping 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%. Research analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is presently 27.96%.

Lam Research Company 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.