Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 3,396.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,222 shares of the semiconductor company's stock after purchasing an additional 114,841 shares during the quarter. Lam Research comprises about 1.1% of Abacus FCF Advisors LLC's portfolio, making the stock its 21st biggest position. Abacus FCF Advisors LLC's holdings in Lam Research were worth $8,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Financial Perspectives Inc increased its holdings in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares during the period. Fairway Wealth LLC boosted its position in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Lam Research in the 4th quarter valued at $27,000. Midwest Capital Advisors LLC bought a new position in shares of Lam Research in the 4th quarter worth $27,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 343 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

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Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LRCX shares. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Oppenheimer cut their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday. Wells Fargo & Company increased 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. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Finally, Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $96.87.

Lam Research Stock Performance

NASDAQ:LRCX traded up $1.05 during mid-day trading on Friday, hitting $67.48. The company's stock had a trading volume of 14,704,156 shares, compared to its average volume of 12,144,348. The business's fifty day moving average is $76.49 and its two-hundred day moving average is $76.49. The stock has a market cap of $86.62 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.47 and a beta of 1.52. 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 1 year low of $56.32 and a 1 year high of $113.00.

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 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%. Analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is 27.96%.

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.