Atria Wealth Solutions Inc. Has $4.83 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Atria Wealth Solutions Inc. lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 3,518.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,679 shares of the semiconductor company's stock after buying an additional 64,836 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Lam Research were worth $4,829,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. acquired a new position in Lam Research in the 4th quarter valued at $27,000. West Oak Capital LLC increased its stake in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after buying an additional 135 shares during the period. Country Trust Bank increased its stake in Lam Research by 900.0% in the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock valued at $29,000 after buying an additional 360 shares during the period. Finley Financial LLC acquired a new stake in Lam Research in the 4th quarter valued at about $30,000. Finally, Stephens Consulting LLC lifted its holdings in shares of Lam Research by 900.0% during the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 387 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LRCX. Wells Fargo & Company increased their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. The Goldman Sachs Group cut 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. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their price target for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Morgan Stanley raised their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, Mizuho raised their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $98.22.

Lam Research Stock Performance

NASDAQ LRCX traded down $3.11 during trading on Friday, hitting $85.91. The company's stock had a trading volume of 5,121,044 shares, compared to its average volume of 12,210,961. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $78.27 and a 200 day moving average price of $77.97. The firm has a market cap of $110.28 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

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

Lam Research Announces Dividend

The company also recently disclosed 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio is presently 27.95%.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by company insiders.

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.