Wealth Alliance Reduces Holdings in Lam Research Co. (NASDAQ:LRCX)

Wealth Alliance reduced its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,841 shares of the semiconductor company’s stock after selling 47 shares during the quarter. Wealth Alliance’s holdings in Lam Research were worth $1,442,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Arlington Trust Co LLC boosted its position in Lam Research by 7.7% during the fourth quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 13 shares during the last quarter. KB Financial Partners LLC lifted its stake in shares of Lam Research by 5.9% during the 2nd quarter. KB Financial Partners LLC now owns 287 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 16 shares during the period. Clear Creek Financial Management LLC boosted its holdings in shares of Lam Research by 1.3% during the third quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock worth $841,000 after purchasing an additional 17 shares during the last quarter. Asset Dedication LLC increased its stake in Lam Research by 56.7% in the third 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 last quarter. Finally, Western Financial Corp CA lifted its position in Lam Research by 1.7% during the fourth quarter. Western Financial Corp CA now owns 1,003 shares of the semiconductor company’s stock worth $786,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In related news, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the transaction, the director now owns 10,541 shares in the company, valued at $10,246,168.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the sale, the director now directly owns 10,541 shares in the company, valued at $10,246,168.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares in the company, valued at $5,386,018.23. The disclosure for this sale can be found here. Insiders sold a total of 7,029 shares of company stock worth $6,559,489 in the last three months. 0.32% of the stock is owned by insiders.

Lam Research Stock Up 1.9 %

Shares of NASDAQ LRCX traded up $18.11 during mid-day trading on Tuesday, reaching $964.28. The company had a trading volume of 290,097 shares, compared to its average volume of 1,013,989. The stock has a fifty day moving average of $941.93 and a two-hundred day moving average of $794.36. Lam Research Co. has a 12-month low of $482.74 and a 12-month high of $1,007.39. The company has a market capitalization of $126.42 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 3.47 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $10.71 EPS. The company’s revenue was down 28.8% compared to the same quarter last year. As a group, equities research analysts expect that Lam Research Co. will post 28.9 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Tuesday, March 12th. Lam Research’s dividend payout ratio (DPR) is presently 30.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LRCX shares. Susquehanna boosted their target price on shares of Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a report on Monday, January 29th. TD Cowen upped their price objective on Lam Research from $710.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Wells Fargo & Company upped their target price on shares of Lam Research from $930.00 to $980.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Lam Research in a report on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 price objective for the company. Finally, Citigroup upped their price target on shares of Lam Research from $800.00 to $975.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $875.55.

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.