Lam Research Co. (NASDAQ:LRCX) Position Increased by Keel Point LLC

Keel Point LLC raised its stake in Lam Research Co. (NASDAQ:LRCX) by 14.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 558 shares of the semiconductor company’s stock after acquiring an additional 72 shares during the period. Keel Point LLC’s holdings in Lam Research were worth $437,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Valued Wealth Advisors LLC acquired a new stake in shares of Lam Research during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new position in Lam Research during the 3rd quarter worth approximately $25,000. BluePath Capital Management LLC purchased a new position in Lam Research during the 3rd quarter worth approximately $28,000. Asset Dedication LLC raised its stake in Lam Research by 56.7% during the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 17 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Lam Research in the third quarter worth $30,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC upped their price target on Lam Research from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays increased their price target on shares of Lam Research from $750.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Mizuho boosted their price objective on shares of Lam Research from $900.00 to $935.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Susquehanna lifted their target price on shares of Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lam Research in a report on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $875.55.

Lam Research Stock Performance

NASDAQ:LRCX opened at $946.17 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. Lam Research Co. has a 1 year low of $482.74 and a 1 year high of $1,007.39. The firm’s fifty day simple moving average is $941.93 and its 200 day simple moving average is $794.36. The firm has a market capitalization of $124.04 billion, a PE ratio of 36.59, a PEG ratio of 3.47 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, topping the consensus estimate of $7.06 by $0.46. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $10.71 EPS. The firm’s revenue was down 28.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Lam Research Co. will post 28.9 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s payout ratio is currently 30.94%.

Insider Buying and Selling at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the sale, the director now directly owns 10,541 shares of the company’s stock, valued at $10,246,168.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the sale, the director now owns 10,541 shares in the company, valued at $10,246,168.23. The disclosure for this sale can be found here. Insiders sold a total of 7,029 shares of company stock valued at $6,559,489 in the last ninety days. Company insiders own 0.32% of the company’s stock.

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.