Dynamic Advisor Solutions LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

Dynamic Advisor Solutions LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 537.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,147 shares of the semiconductor company’s stock after purchasing an additional 11,083 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Lam Research were worth $950,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LRCX. Quarry LP increased its stake in shares of Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 56 shares during the period. NCP Inc. bought a new position in Lam Research during the 2nd quarter worth about $213,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the period. Advisory Alpha LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at about $256,000. Finally, Silver Lake Advisory LLC purchased a new stake in shares of Lam Research in the 2nd quarter worth approximately $261,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 1.9 %

NASDAQ:LRCX opened at $79.68 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The company’s fifty day moving average price is $75.43 and its 200-day moving average price is $79.86. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The firm has a market capitalization of $102.52 billion, a P/E ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research’s payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent research reports. The Goldman Sachs Group reduced 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. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Friday, January 17th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

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.