Coldstream Capital Management Inc. Grows Position in Lam Research Co. (NASDAQ:LRCX)

Coldstream Capital Management Inc. boosted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 725.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,404 shares of the semiconductor company's stock after purchasing an additional 69,782 shares during the period. Coldstream Capital Management Inc.'s holdings in Lam Research were worth $5,735,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Parisi Gray Wealth Management grew its holdings in Lam Research by 652.9% during the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock valued at $603,000 after purchasing an additional 7,241 shares during the period. Burns J W & Co. Inc. NY purchased a new stake in Lam Research in the 4th quarter worth $815,000. Centerpoint Advisors LLC raised its holdings in Lam Research by 900.0% during the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 900 shares during the period. Transform Wealth LLC purchased a new position in shares of Lam Research in the fourth quarter valued at about $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new position in shares of Lam Research in the fourth quarter worth about $4,258,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 0.2 %

LRCX traded up $0.15 on Monday, reaching $71.57. 10,254,043 shares of the company traded hands, compared to its average volume of 12,123,193. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00. The firm has a fifty day simple moving average of $72.83 and a two-hundred day simple moving average of $75.31. The company has a market cap of $91.87 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the business posted $7.79 EPS. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.29%. Lam Research's dividend payout ratio is currently 25.63%.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred on 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 owns 179,084 shares of the company's stock, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LRCX. Morgan Stanley upped their price target on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday. Evercore ISI raised their target price on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research note on Thursday. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research note on Friday, January 17th. B. Riley restated a "buy" rating on shares of Lam Research in a research report on Thursday. Finally, Barclays decreased their target price on Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.70.

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.