Creative Financial Designs Inc. ADV Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Creative Financial Designs Inc. ADV grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 3,711.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,554 shares of the semiconductor company’s stock after purchasing an additional 2,487 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Lam Research were worth $184,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Gold Investment Management Ltd. boosted its holdings in Lam Research by 1,080.6% during the 4th quarter. Gold Investment Management Ltd. now owns 8,335 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 7,629 shares during the last quarter. Signature Wealth Management Group lifted its holdings in Lam Research by 893.2% during the fourth quarter. Signature Wealth Management Group now owns 2,920 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 2,626 shares during the last quarter. Nicholas Company Inc. lifted its holdings in Lam Research by 900.0% during the fourth quarter. Nicholas Company Inc. now owns 442,550 shares of the semiconductor company’s stock valued at $31,965,000 after purchasing an additional 398,295 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in Lam Research by 754.6% during the fourth quarter. Gallacher Capital Management LLC now owns 5,948 shares of the semiconductor company’s stock valued at $430,000 after purchasing an additional 5,252 shares during the last quarter. Finally, Harbour Investments Inc. bought a new stake in shares of Lam Research during the fourth quarter valued at about $206,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s 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 sale, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price target on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Friday, January 17th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and upped their price target for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Barclays decreased their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.22.

Lam Research Stock Performance

NASDAQ:LRCX opened at $77.93 on Thursday. The firm has a market cap of $100.04 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. 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 business has a 50 day moving average price of $79.59 and a 200-day moving average price of $77.33.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating 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%. Equities research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

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.