TRUE Private Wealth Advisors Makes New $286,000 Investment in Lam Research Co. (NASDAQ:LRCX)

TRUE Private Wealth Advisors acquired a new position in Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,956 shares of the semiconductor company's stock, valued at approximately $286,000.

A number of other institutional investors have also recently bought and sold shares of the business. Unigestion Holding SA lifted its position in Lam Research by 1,137.5% in the 3rd quarter. Unigestion Holding SA now owns 12,858 shares of the semiconductor company's stock worth $10,493,000 after buying an additional 11,819 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Lam Research by 48.3% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,464 shares of the semiconductor company's stock worth $9,364,000 after acquiring an additional 3,732 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Lam Research by 838.7% during the third quarter. Sanctuary Advisors LLC now owns 159,913 shares of the semiconductor company's stock valued at $130,502,000 after purchasing an additional 142,878 shares during the last quarter. Arvest Bank Trust Division purchased a new position in Lam Research in the third quarter valued at about $18,106,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Lam Research by 383.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,547 shares of the semiconductor company's stock worth $3,711,000 after purchasing an additional 3,607 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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Lam Research Stock Performance

Lam Research stock traded up $1.05 during trading hours on Friday, hitting $67.48. The stock had a trading volume of 14,704,156 shares, compared to its average volume of 12,144,348. The company has a 50-day moving average of $76.49 and a two-hundred day moving average of $76.49. 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 Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The company has a market cap of $86.62 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping 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, equities research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio is 27.96%.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and increased their price target for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Jefferies Financial Group raised their price target on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Oppenheimer decreased their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Friday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $100.00 price target on shares of Lam Research in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $96.87.

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.