Boxwood Ventures Inc. Acquires Shares of 11,990 Lam Research Co. (NASDAQ:LRCX)

Boxwood Ventures Inc. acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,990 shares of the semiconductor company's stock, valued at approximately $869,000. Lam Research makes up approximately 1.2% of Boxwood Ventures Inc.'s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Oak Capital LLC grew its position in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Lam Research by 5.7% in the 3rd quarter. IHT Wealth Management LLC now owns 2,729 shares of the semiconductor company's stock worth $2,216,000 after acquiring an additional 147 shares during the period. Community Bank N.A. increased its stake in Lam Research by 12.5% in the 3rd quarter. Community Bank N.A. now owns 1,765 shares of the semiconductor company's stock valued at $1,440,000 after purchasing an additional 196 shares in the last quarter. Algert Global LLC raised its holdings in Lam Research by 40.5% during the third quarter. Algert Global LLC now owns 694 shares of the semiconductor company's stock worth $566,000 after purchasing an additional 200 shares during the last quarter. Finally, Stevens Capital Management LP boosted its position in Lam Research by 112.4% during the third quarter. Stevens Capital Management LP now owns 427 shares of the semiconductor company's stock worth $348,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

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Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was 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 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 can be accessed through this link. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 28th. The Goldman Sachs Group reduced their price target on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research note on Friday, January 17th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $97.59.

Lam Research Stock Up 1.3 %

Lam Research stock traded up $0.95 during trading on Wednesday, reaching $73.78. 7,606,426 shares of the company's stock were exchanged, compared to its average volume of 11,701,393. The company's 50-day moving average is $79.18 and its two-hundred day moving average is $77.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market cap of $94.71 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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, analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend yield of 1.25%. Lam Research's payout ratio is currently 27.96%.

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.