Arvest Bank Trust Division Purchases 194,042 Shares of Lam Research Co. (NASDAQ:LRCX)

Arvest Bank Trust Division raised its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 874.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,228 shares of the semiconductor company's stock after buying an additional 194,042 shares during the quarter. Arvest Bank Trust Division's holdings in Lam Research were worth $15,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC increased its holdings in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares during the last quarter. Financial Perspectives Inc grew its stake in shares of Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Atwood & Palmer Inc. purchased a new stake in Lam Research during the 4th quarter worth about $27,000. Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research during the fourth quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Mizuho boosted their price objective on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and raised their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.87.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.29% of the company's stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $1.38 during trading hours on Friday, hitting $63.76. 13,845,188 shares of the company's stock were exchanged, compared to its average volume of 12,145,383. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The company's 50-day moving average price is $74.79 and its 200-day moving average price is $75.93. The stock has a market capitalization of $81.85 billion, a price-to-earnings ratio of 19.37, 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 (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, sell-side analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were paid a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.44%. Lam Research's payout ratio is currently 27.96%.

Lam Research Company 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.