Lam Research Co. (NASDAQ:LRCX) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 632.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,910 shares of the semiconductor company's stock after acquiring an additional 6,830 shares during the period. Axxcess Wealth Management LLC's holdings in Lam Research were worth $571,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Lam Research by 3.9% in the third quarter. Advisors Asset Management Inc. now owns 3,859 shares of the semiconductor company's stock valued at $3,149,000 after purchasing an additional 144 shares during the period. King Luther Capital Management Corp boosted its position in Lam Research by 17.9% in the 3rd quarter. King Luther Capital Management Corp now owns 15,345 shares of the semiconductor company's stock valued at $12,523,000 after buying an additional 2,326 shares during the period. Landscape Capital Management L.L.C. grew its stake in shares of Lam Research by 91.1% in the third quarter. Landscape Capital Management L.L.C. now owns 2,507 shares of the semiconductor company's stock worth $2,046,000 after acquiring an additional 1,195 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Lam Research by 9.2% during the third quarter. Pacer Advisors Inc. now owns 24,366 shares of the semiconductor company's stock worth $19,885,000 after acquiring an additional 2,062 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lam Research by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 822,599 shares of the semiconductor company's stock valued at $671,307,000 after acquiring an additional 10,868 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

LRCX has been the topic of several recent research reports. Oppenheimer started coverage on Lam Research in a report on Thursday, March 20th. They set an "outperform" rating and a $95.00 price target on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Finally, Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and lifted their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.06.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $0.32 on Tuesday, reaching $77.67. The company's stock had a trading volume of 6,436,759 shares, compared to its average volume of 11,084,305. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock has a market capitalization of $99.70 billion, a P/E ratio of 23.59, a PEG ratio of 1.47 and a beta of 1.53. The stock's 50-day moving average is $79.75 and its two-hundred day moving average is $77.31. 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 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%. As a group, sell-side analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. Lam Research's payout ratio is currently 27.96%.

Insider Transactions at Lam Research

In other 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 completion of the transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

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.