Calamos Advisors LLC Has $24.05 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Calamos Advisors LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 902.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 332,967 shares of the semiconductor company’s stock after buying an additional 299,768 shares during the period. Calamos Advisors LLC’s holdings in Lam Research were worth $24,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LRCX. Atwood & Palmer Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at about $27,000. West Oak Capital LLC lifted its stake in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the period. Country Trust Bank boosted its holdings in shares of Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 360 shares in the last quarter. Finley Financial LLC bought a new stake in shares of Lam Research in the 4th quarter valued at $30,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 307 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Down 1.1 %

LRCX stock opened at $80.19 on Tuesday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a fifty day moving average of $76.05 and a 200-day moving average of $78.56. The company has a market capitalization of $103.18 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 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%. As a group, equities research analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is 27.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. B. Riley dropped their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

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.