Atria Investments Inc Buys New Shares in Lam Research Co. (NASDAQ:LRCX)

Atria Investments Inc acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 56,992 shares of the semiconductor company's stock, valued at approximately $4,116,000.

Other large investors have also recently made changes to their positions in the company. Cypress Capital Group grew its holdings in Lam Research by 3.7% during the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock valued at $2,987,000 after buying an additional 132 shares in the last quarter. Savvy Advisors Inc. grew its holdings in shares of Lam Research by 58.3% in the third quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company's stock worth $297,000 after purchasing an additional 134 shares during the last quarter. West Oak Capital LLC raised its stake in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Baldwin Investment Management LLC grew its position in shares of Lam Research by 1.4% during the 3rd quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company's stock worth $8,364,000 after buying an additional 137 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC raised its holdings in shares of Lam Research by 10.1% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company's stock valued at $1,272,000 after purchasing an additional 143 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts have weighed in on LRCX shares. Mizuho raised their target price 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. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and lifted their price objective for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Wells Fargo & Company increased their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $98.22.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company'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 completion of the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded down $0.45 on Tuesday, hitting $73.36. The company had a trading volume of 12,592,152 shares, compared to its average volume of 11,081,997. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market cap of $94.17 billion, a PE ratio of 22.28, a PEG ratio of 1.47 and a beta of 1.53. The business has a 50 day moving average of $79.33 and a 200 day moving average of $77.59. 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 (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, equities analysts anticipate 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 will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, March 5th. Lam Research's payout ratio 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.