SoundView Advisors Inc. Invests $1.01 Million in Lam Research Co. (NASDAQ:LRCX)

SoundView Advisors Inc. acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,958 shares of the semiconductor company's stock, valued at approximately $1,008,000. Lam Research makes up 0.4% of SoundView Advisors Inc.'s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fisher Asset Management LLC raised its stake in shares of Lam Research by 892.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock worth $1,341,902,000 after purchasing an additional 16,706,708 shares in the last quarter. Amundi raised its stake in shares of Lam Research by 7,601.9% during the 4th quarter. Amundi now owns 12,945,172 shares of the semiconductor company's stock worth $990,464,000 after purchasing an additional 12,777,094 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lam Research by 860.4% during the 4th quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock worth $851,361,000 after purchasing an additional 10,559,508 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lam Research by 931.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,482,429 shares of the semiconductor company's stock worth $612,686,000 after purchasing an additional 7,659,830 shares in the last quarter. Finally, State Street Corp raised its stake in Lam Research by 1.6% in the 3rd quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock valued at $4,817,113,000 after acquiring an additional 94,086 shares during the period. Institutional investors own 84.61% of the company's stock.

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Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was 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 trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.29% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX traded down $0.45 during trading hours on Tuesday, hitting $73.36. The company's stock had a trading volume of 12,593,870 shares, compared to its average volume of 11,073,354. The stock has a fifty day simple moving average of $79.35 and a 200-day simple moving average of $77.52. The company has a market capitalization of $94.17 billion, a P/E ratio of 22.28, a PEG ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.25%. Lam Research's dividend payout ratio is presently 27.96%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and increased their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research note on Friday, January 17th. Mizuho increased their price target on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price target for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley increased their price target on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $98.22.

Lam Research Profile

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.