Dantai Capital Ltd Has $1.48 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Dantai Capital Ltd grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 44.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,815 shares of the semiconductor company’s stock after purchasing an additional 560 shares during the period. Lam Research makes up approximately 1.9% of Dantai Capital Ltd’s portfolio, making the stock its 20th biggest holding. Dantai Capital Ltd’s holdings in Lam Research were worth $1,481,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Lam Research during the second quarter valued at about $32,000. RFP Financial Group LLC boosted its stake in shares of Lam Research by 52.2% during the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 12 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Lam Research during the second quarter valued at about $40,000. MFA Wealth Advisors LLC acquired a new stake in shares of Lam Research during the second quarter valued at about $45,000. Finally, ORG Partners LLC acquired a new stake in shares of Lam Research during the second quarter valued at about $65,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lam Research news, CAO Christina Correia sold 647 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total value of $528,928.97. Following the completion of the transaction, the chief accounting officer now owns 4,267 shares in the company, valued at $3,488,315.17. This represents a 13.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Trading Up 1.0 %

NASDAQ LRCX opened at $76.30 on Friday. The company has a market cap of $98.17 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 1.25 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The business has a 50 day moving average price of $75.88 and a 200-day moving average price of $85.57. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.85 earnings per share. As a group, equities analysts expect that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.21%. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup cut their price objective on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research note on Monday, September 16th. UBS Group cut their price objective on Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Mizuho cut their price objective on Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.24.

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.