Calamos Wealth Management LLC Has $1.74 Million Position in Lam Research Co. (NASDAQ:LRCX)

Calamos Wealth Management LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 912.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,102 shares of the semiconductor company’s stock after purchasing an additional 21,721 shares during the period. Calamos Wealth Management LLC’s holdings in Lam Research were worth $1,741,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Calamos Advisors LLC increased its holdings in Lam Research by 902.9% in the 4th quarter. Calamos Advisors LLC now owns 332,967 shares of the semiconductor company’s stock valued at $24,050,000 after buying an additional 299,768 shares during the period. abrdn plc increased its position in Lam Research by 836.1% in the 4th quarter. abrdn plc now owns 1,315,038 shares of the semiconductor company’s stock valued at $94,729,000 after acquiring an additional 1,174,563 shares in the last quarter. Trust Point Inc. lifted its holdings in Lam Research by 490.9% during the 4th quarter. Trust Point Inc. now owns 4,615 shares of the semiconductor company’s stock worth $333,000 after buying an additional 3,834 shares in the last quarter. Matisse Capital acquired a new stake in Lam Research in the fourth quarter worth about $2,504,000. Finally, E&G Advisors LP lifted its holdings in Lam Research by 843.5% in the fourth quarter. E&G Advisors LP now owns 30,580 shares of the semiconductor company’s stock valued at $2,209,000 after buying an additional 27,339 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock opened at $80.19 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $76.05 and its two-hundred day moving average is $78.56. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a market capitalization of $103.18 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.

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, topping the consensus estimate 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, analysts expect that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LRCX. Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

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.