C M Bidwell & Associates Ltd. Has $214,000 Stake in Lam Research Co. (NASDAQ:LRCX)

C M Bidwell & Associates Ltd. boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 867.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,960 shares of the semiconductor company’s stock after buying an additional 2,654 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Lam Research were worth $214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its holdings in Lam Research by 398.9% during the 4th quarter. Meeder Asset Management Inc. now owns 14,343 shares of the semiconductor company’s stock worth $1,036,000 after purchasing an additional 11,468 shares during the last quarter. Boxwood Ventures Inc. bought a new position in Lam Research during the fourth quarter worth $869,000. AIA Group Ltd lifted its holdings in Lam Research by 911.2% in the fourth quarter. AIA Group Ltd now owns 5,329 shares of the semiconductor company’s stock valued at $385,000 after buying an additional 4,802 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Lam Research by 863.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 520 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 466 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Lam Research by 8,156.2% in the 4th quarter. Wellington Management Group LLP now owns 1,991,718 shares of the semiconductor company’s stock worth $143,862,000 after acquiring an additional 1,967,594 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. The Goldman Sachs Group decreased their price target 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. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a research note on Tuesday, February 18th. Six 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.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.59.

Lam Research Stock Performance

NASDAQ:LRCX opened at $72.61 on Monday. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The business has a fifty day simple moving average of $79.51 and a two-hundred day simple moving average of $77.34. The company has a market capitalization of $93.21 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) 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%. On average, analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.27%. Lam Research’s payout ratio is 27.96%.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.

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.