Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,262.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,028 shares of the semiconductor company's stock after buying an additional 9,292 shares during the period. Kestra Investment Management LLC's holdings in Lam Research were worth $724,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LRCX. Atwood & Palmer Inc. purchased a new position in Lam Research in the fourth quarter valued at approximately $27,000. West Oak Capital LLC boosted its position in Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 135 shares during the period. Country Trust Bank boosted its position in Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 360 shares during the period. Finley Financial LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at about $30,000. Finally, Stephens Consulting LLC raised 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 valued at $31,000 after buying an additional 387 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. KeyCorp upgraded shares of 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. Cantor Fitzgerald restated an "overweight" rating and issued a $100.00 target price on shares of Lam Research in a research note on Tuesday. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $98.22.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade 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 accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Lam Research Stock Performance

NASDAQ LRCX traded down $3.00 during trading hours on Friday, reaching $86.02. The company's stock had a trading volume of 12,857,061 shares, compared to its average volume of 12,447,650. 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 has a 50-day simple moving average of $78.27 and a 200 day simple moving average of $77.97. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a market cap of $110.42 billion, a PE ratio of 26.13, a PEG ratio of 1.45 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. Lam Research's payout ratio is currently 27.95%.

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.