Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC grew its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 860.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 854,100 shares of the semiconductor company's stock after purchasing an additional 765,135 shares during the quarter. Guggenheim Capital LLC owned about 0.07% of Lam Research worth $61,692,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Perspectives Inc raised its holdings in Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Fairway Wealth LLC increased its stake in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in Lam Research during the 4th quarter valued at about $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research during the fourth quarter worth about $27,000. Finally, Bell Investment Advisors Inc increased its stake in shares of Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $1.38 during midday trading on Friday, hitting $63.76. The company had a trading volume of 13,845,188 shares, compared to its average volume of 12,194,506. The company has a fifty day moving average of $75.18 and a two-hundred day moving average of $76.08. Lam Research Co. has a 12-month low of $56.32 and a 12-month 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 company has a market cap of $81.85 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.47 and a beta of 1.52.

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, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities research analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio is presently 27.96%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group cut their price target on Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday. Barclays cut their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Oppenheimer cut their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $93.87.

Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on 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 transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is 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.