7,242 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Nwam LLC

Nwam LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,242 shares of the semiconductor company’s stock, valued at approximately $523,000.

A number of other hedge funds have also recently added to or reduced their stakes in LRCX. Financial Advocates Investment Management grew its stake in Lam Research by 27.0% during the 3rd quarter. Financial Advocates Investment Management now owns 945 shares of the semiconductor company’s stock worth $772,000 after buying an additional 201 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Lam Research by 1.1% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 26,065 shares of the semiconductor company’s stock valued at $21,271,000 after purchasing an additional 282 shares during the last quarter. Sitrin Capital Management LLC grew its stake in shares of Lam Research by 7.3% in the 3rd quarter. Sitrin Capital Management LLC now owns 7,997 shares of the semiconductor company’s stock valued at $6,528,000 after purchasing an additional 546 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Lam Research by 946.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,082 shares of the semiconductor company’s stock valued at $9,044,000 after purchasing an additional 10,023 shares during the last quarter. Finally, Conning Inc. grew its stake in shares of Lam Research by 26.4% in the 3rd quarter. Conning Inc. now owns 6,793 shares of the semiconductor company’s stock valued at $5,544,000 after purchasing an additional 1,420 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $76.70 on Friday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a market cap of $98.45 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The business has a fifty day moving average of $78.94 and a 200-day moving average of $78.09. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.20%. Lam Research’s payout ratio is currently 27.96%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. Finally, Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and lifted their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.22.

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.