Cerity Partners LLC Has $23.92 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Cerity Partners LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 781.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,170 shares of the semiconductor company's stock after buying an additional 293,619 shares during the quarter. Cerity Partners LLC's holdings in Lam Research were worth $23,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Perspectives Inc grew its stake in Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares during the last quarter. Fairway Wealth LLC grew its position in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Atwood & Palmer Inc. bought a new position in shares of Lam Research during the fourth quarter worth approximately $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research in the 4th quarter valued at $27,000. Finally, Bell Investment Advisors Inc grew its holdings in Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after buying an additional 343 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX traded up $1.05 during trading hours on Friday, reaching $67.48. The stock had a trading volume of 14,704,156 shares, compared to its average volume of 12,144,348. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The stock has a market capitalization of $86.62 billion, a PE ratio of 20.50, a PEG ratio of 1.47 and a beta of 1.52. The company's 50-day moving average is $76.49 and its two-hundred day moving average is $76.49.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.36%. Lam Research's dividend payout ratio is presently 27.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Wolfe Research lowered shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research 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 price target for the company in a research report on Friday, January 17th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.87.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated 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. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company's stock.

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.