Lam Research Co. (NASDAQ:LRCX) Shares Purchased by IHT Wealth Management LLC

IHT Wealth Management LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 757.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,388 shares of the semiconductor company's stock after buying an additional 20,659 shares during the quarter. IHT Wealth Management LLC's holdings in Lam Research were worth $1,689,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LRCX. Vanguard Group Inc. lifted its position in Lam Research by 892.7% during the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock valued at $8,724,498,000 after purchasing an additional 108,619,564 shares during the period. FMR LLC lifted its holdings in shares of Lam Research by 1,032.6% in the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after buying an additional 36,496,689 shares during the period. Geode Capital Management LLC boosted its stake in shares of Lam Research by 907.1% in the fourth quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock worth $2,265,610,000 after buying an additional 28,307,499 shares during the last quarter. Norges Bank purchased a new position in Lam Research during the fourth quarter valued at approximately $1,661,672,000. Finally, Fisher Asset Management LLC lifted its holdings in Lam Research by 892.7% in the fourth quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock valued at $1,341,902,000 after acquiring an additional 16,706,708 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LRCX shares. Stifel Nicolaus cut their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Barclays dropped their target price on Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Wolfe Research cut Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Oppenheimer dropped their price objective on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company upped their target price on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $93.63.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.29% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $63.48 on Wednesday. The firm has a market capitalization of $81.49 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.47 and a beta of 1.52. 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's 50-day moving average is $74.01 and its two-hundred day moving average is $75.68. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00.

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 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%. Analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.45%. Lam Research's payout ratio is currently 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.

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