Lam Research Co. (NASDAQ:LRCX) Shares Bought by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 908.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,218 shares of the semiconductor company's stock after purchasing an additional 55,150 shares during the period. Lam Research comprises about 0.6% of Fort Sheridan Advisors LLC's holdings, making the stock its 28th largest holding. Fort Sheridan Advisors LLC's holdings in Lam Research were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company's stock valued at $163,000 after buying an additional 192 shares during the period. Insight Wealth Partners LLC purchased a new position in Lam Research in the third quarter worth approximately $202,000. B&L Asset Management LLC acquired a new position in Lam Research during the 3rd quarter worth approximately $204,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Lam Research in the 3rd quarter valued at approximately $220,000. Finally, Tilson Financial Group Inc. acquired a new stake in shares of Lam Research in the 3rd quarter valued at $233,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Barclays dropped their price objective on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and increased their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley boosted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $98.22.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

Lam Research Stock Performance

Shares of Lam Research stock traded up $0.53 during trading hours on Friday, hitting $76.70. 22,602,967 shares of the company were exchanged, compared to its average volume of 12,920,543. The business has a 50-day moving average of $78.94 and a 200-day moving average of $78.09. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $98.45 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.47 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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%. As a group, analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

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.