Parkside Financial Bank & Trust Has $441,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Parkside Financial Bank & Trust boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 933.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,105 shares of the semiconductor company’s stock after purchasing an additional 5,514 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Lam Research were worth $441,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Fusion Capital LLC lifted its holdings in Lam Research by 960.1% during the 4th quarter. Fusion Capital LLC now owns 97,815 shares of the semiconductor company’s stock worth $7,065,000 after buying an additional 88,588 shares in the last quarter. Fort Sheridan Advisors LLC lifted its holdings in Lam Research by 908.9% during the 4th quarter. Fort Sheridan Advisors LLC now owns 61,218 shares of the semiconductor company’s stock worth $4,422,000 after buying an additional 55,150 shares in the last quarter. Linscomb Wealth Inc. lifted its holdings in Lam Research by 920.9% during the 4th quarter. Linscomb Wealth Inc. now owns 170,863 shares of the semiconductor company’s stock worth $12,341,000 after buying an additional 154,127 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Lam Research during the 4th quarter worth $31,078,000. Finally, Consilium Wealth Advisory LLC lifted its holdings in Lam Research by 900.0% during the 4th quarter. Consilium Wealth Advisory LLC now owns 3,540 shares of the semiconductor company’s stock worth $256,000 after buying an additional 3,186 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction 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 $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

Lam Research Price Performance

LRCX stock opened at $76.70 on Friday. The stock has a 50-day moving average price of $78.94 and a two-hundred day moving average price of $78.09. The stock has a market cap of $98.45 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) 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%. Equities analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on LRCX shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $100.00 target price on shares of Lam Research in a research report on Tuesday, February 18th. Wells Fargo & Company upped their target price on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Morgan Stanley upped their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Mizuho upped their target price on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.