Blair William & Co. IL Acquires 57,180 Shares of Lam Research Co. (NASDAQ:LRCX)

Blair William & Co. IL grew its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 824.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,112 shares of the semiconductor company's stock after purchasing an additional 57,180 shares during the period. Blair William & Co. IL's holdings in Lam Research were worth $4,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. B&L Asset Management LLC acquired a new stake in Lam Research in the third quarter worth approximately $204,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Lam Research in the 3rd quarter worth $220,000. Virtus Investment Advisers Inc. acquired a new stake in shares of Lam Research in the third quarter valued at $245,000. Fairway Wealth LLC boosted its stake in Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares in the last quarter. Finally, Financial Perspectives Inc grew its holdings in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares during the period. 84.61% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm'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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by insiders.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on LRCX shares. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price target for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Needham & Company LLC restated 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. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Morgan Stanley raised their price objective on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.59.

Lam Research Stock Down 9.6 %

Shares of NASDAQ:LRCX traded down $7.05 during midday trading on Thursday, hitting $66.73. 8,318,069 shares of the stock were exchanged, compared to its average volume of 11,699,813. The business's fifty day simple moving average is $78.99 and its two-hundred day simple moving average is $77.28. 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 52-week low of $66.02 and a 52-week high of $113.00. The company has a market capitalization of $85.66 billion, a PE ratio of 20.27, a P/E/G ratio of 1.47 and a beta of 1.53.

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

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.38%. Lam Research's dividend payout ratio (DPR) is 27.96%.

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.