Johnson Financial Group Inc. Increases Stake in Lam Research Co. (NASDAQ:LRCX)

Johnson Financial Group Inc. boosted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 768.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,524 shares of the semiconductor company's stock after buying an additional 52,673 shares during the quarter. Johnson Financial Group Inc.'s holdings in Lam Research were worth $4,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parisi Gray Wealth Management boosted its stake in Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after buying an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY bought a new stake in Lam Research in the fourth quarter valued at approximately $815,000. Centerpoint Advisors LLC lifted its position in Lam Research by 900.0% in the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 900 shares during the last quarter. Transform Wealth LLC bought a new stake in Lam Research in the fourth quarter valued at approximately $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new stake in Lam Research in the fourth quarter valued at approximately $4,258,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent research reports. Needham & Company LLC lowered their price objective on Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday. TD Cowen lowered their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Wells Fargo & Company decreased their target price on Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $92.70.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Stock Up 0.2 %

NASDAQ:LRCX traded up $0.15 during mid-day trading on Monday, hitting $71.57. 10,254,043 shares of the company's stock were exchanged, 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 company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The business has a fifty day moving average price of $72.83 and a 200 day moving average price of $75.31. The company has a market cap of $91.87 billion, a PE ratio of 21.74, a P/E/G ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business's revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.79 earnings per share. Equities analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a $0.23 dividend. The ex-dividend date 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 presently 25.63%.

About Lam Research

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.