TCW Group Inc. Acquires 256,392 Shares of Lam Research Co. (NASDAQ:LRCX)

TCW Group Inc. lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 837.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,011 shares of the semiconductor company’s stock after acquiring an additional 256,392 shares during the period. TCW Group Inc.’s holdings in Lam Research were worth $20,731,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Lam Research by 39.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the semiconductor company’s stock worth $15,781,000 after purchasing an additional 5,484 shares during the period. Private Advisor Group LLC raised its position in Lam Research by 8.1% in the 3rd quarter. Private Advisor Group LLC now owns 6,374 shares of the semiconductor company’s stock worth $5,201,000 after purchasing an additional 480 shares during the period. Dakota Wealth Management raised its position in Lam Research by 49.3% in the 3rd quarter. Dakota Wealth Management now owns 1,624 shares of the semiconductor company’s stock worth $1,325,000 after purchasing an additional 536 shares during the period. Burford Brothers Inc. purchased a new stake in Lam Research in the 3rd quarter worth about $575,000. Finally, CWC Advisors LLC. purchased a new stake in Lam Research in the 3rd quarter worth about $220,000. Institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction 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 $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Lam Research Trading Down 3.4 %

NASDAQ:LRCX opened at $86.02 on Friday. 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 $78.46 and a 200-day simple moving average of $78.04. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $110.42 billion, a P/E ratio of 26.13, a PEG ratio of 1.47 and a beta of 1.46.

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 the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities research analysts anticipate 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. Investors of record on Wednesday, March 5th will be given 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 1.07%. Lam Research’s dividend payout ratio is presently 27.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and raised their target price for the stock from $75.00 to $125.00 in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Mizuho lifted their price objective on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and set a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

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.