BOS Asset Management LLC Raises Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

BOS Asset Management LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,750 shares of the semiconductor company's stock after buying an additional 5,175 shares during the period. BOS Asset Management LLC's holdings in Lam Research were worth $415,000 at the end of the most recent reporting period.

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

Lam Research Stock Up 6.2 %

Lam Research stock traded up $4.13 on Thursday, hitting $70.86. 11,641,854 shares of the stock traded hands, compared to its average volume of 12,155,686. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The firm has a market cap of $90.96 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. 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 business's fifty day simple moving average is $73.69 and its 200 day simple moving average is $75.62.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, sell-side analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is 27.96%.

Insider Transactions at Lam Research

In other 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

LRCX has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 price objective on shares of Lam Research in a report on Thursday. Morgan Stanley upped their target price on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday. TD Cowen decreased their price target on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their target price on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Stifel Nicolaus cut their price target on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $93.23.

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.