Lam Research Co. (NASDAQ:LRCX) Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC reduced its position in Lam Research Co. (NASDAQ:LRCX) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,696 shares of the semiconductor company’s stock after selling 1,138 shares during the quarter. Goodman Advisory Group LLC’s holdings in Lam Research were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Arlington Trust Co LLC boosted its stake in shares of Lam Research by 7.7% in the 4th quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 13 shares during the period. TRUE Private Wealth Advisors lifted its stake in Lam Research by 4.1% during the fourth quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company’s stock worth $296,000 after purchasing an additional 15 shares during the last quarter. KB Financial Partners LLC lifted its stake in Lam Research by 5.9% during the second 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 last quarter. Clear Creek Financial Management LLC lifted its stake in 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. Finally, Asset Dedication LLC lifted its stake in Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 17 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent analyst reports. Needham & Company LLC boosted their target price on Lam Research from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Citigroup boosted their target price on Lam Research from $800.00 to $975.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft started coverage on Lam Research in a research note on Thursday, April 11th. They set a “hold” rating and a $1,000.00 target price for the company. The Goldman Sachs Group boosted their price objective on Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, UBS Group boosted their price objective on Lam Research from $885.00 to $1,130.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $875.55.

Lam Research Price Performance

LRCX traded down $41.23 during trading on Wednesday, reaching $922.00. 514,682 shares of the stock were exchanged, compared to its average volume of 1,009,873. The business’s 50 day moving average price is $944.50 and its two-hundred day moving average price is $796.73. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02. The company has a market capitalization of $120.87 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 3.43 and a beta of 1.51. Lam Research Co. has a 1 year low of $482.74 and a 1 year high of $1,007.39.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.87%. Lam Research’s dividend payout ratio is currently 30.94%.

Insider Activity

In other news, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Christina Corrreia sold 647 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the transaction, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 7,029 shares of company stock worth $6,559,489 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

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.