Consilium Wealth Advisory LLC Purchases 3,186 Shares of Lam Research Co. (NASDAQ:LRCX)

Consilium Wealth Advisory LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,540 shares of the semiconductor company's stock after purchasing an additional 3,186 shares during the period. Consilium Wealth Advisory LLC's holdings in Lam Research were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp increased its stake in shares of Lam Research by 1,394.7% in the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock valued at $13,123,440,000 after buying an additional 15,005,178 shares in the last quarter. Bank of New York Mellon Corp increased its position in Lam Research by 860.4% in the 4th quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock valued at $851,361,000 after acquiring an additional 10,559,508 shares in the last quarter. State Street Corp raised its stake in shares of Lam Research by 1.6% in the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock worth $4,817,113,000 after acquiring an additional 94,086 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Lam Research by 827.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company's stock worth $228,285,000 after purchasing an additional 2,819,668 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Lam Research by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company's stock valued at $2,539,413,000 after purchasing an additional 64,053 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 0.7 %

LRCX traded up $0.53 during trading on Friday, reaching $76.70. The company had a trading volume of 22,602,967 shares, compared to its average volume of 12,920,543. The business's fifty day moving average price is $78.94 and its 200 day moving average price is $78.09. 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 Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a market cap of $98.45 billion, a P/E ratio of 23.30, a PEG ratio of 1.47 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results 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 net margin of 26.49% and a return on equity of 51.86%. Equities analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.20%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Analyst Ratings Changes

Several research analysts recently weighed in on LRCX shares. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and upped their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a report on Friday, January 17th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and upped their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $98.22.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 sale, the senior vice president now owns 179,084 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

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.