Lam Research Corporation (NASDAQ:LRCX) Shares Bought by Cozad Asset Management Inc.

Key Points

• Cozad Asset Management Inc. increased its stake in Lam Research Corporation by 4.6%, acquiring a total of 161,140 shares, which are now valued at approximately $11.7 million.
• Analysts have set new price targets for Lam Research, with Cantor Fitzgerald and Mizuho raising their target prices to $115.00, while overall market consensus is a "Moderate Buy" rating with a target price of $101.19.
• Lam Research recently declared a quarterly dividend of $0.23 per share, representing an annual yield of 0.93% and a payout ratio of 25.63%.

Cozad Asset Management Inc. boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,140 shares of the semiconductor company's stock after acquiring an additional 7,130 shares during the quarter. Lam Research comprises about 1.2% of Cozad Asset Management Inc.'s investment portfolio, making the stock its 19th biggest position. Cozad Asset Management Inc.'s holdings in Lam Research were worth $11,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research during the first quarter valued at approximately $26,000. West Paces Advisors Inc. purchased a new stake in Lam Research during the fourth quarter worth $27,000. Mpwm Advisory Solutions LLC bought a new stake in Lam Research during the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in Lam Research during the 4th quarter valued at $31,000. Finally, Putney Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $36,000. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $115.00 target price (up previously from $90.00) on shares of Lam Research in a research report on Tuesday, June 24th. Argus raised Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Finally, KeyCorp boosted their price target on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $102.05.

Lam Research Price Performance

LRCX traded up $0.32 during midday trading on Tuesday, hitting $98.94. 7,279,984 shares of the company traded hands, compared to its average volume of 8,871,942. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $102.59. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The business has a 50 day simple moving average of $93.08 and a two-hundred day simple moving average of $81.97. The company has a market capitalization of $126.56 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.39 and a beta of 1.68.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. Lam Research's payout ratio is 25.63%.

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.