Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 815.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,014 shares of the semiconductor company's stock after acquiring an additional 11,592 shares during the quarter. Clear Creek Financial Management LLC's holdings in Lam Research were worth $940,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cypress Capital Group boosted its stake in Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock worth $2,987,000 after buying an additional 132 shares during the last quarter. Savvy Advisors Inc. raised its stake in shares of Lam Research by 58.3% in the 3rd quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company's stock valued at $297,000 after acquiring an additional 134 shares during the period. West Oak Capital LLC lifted its stake in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 135 shares in the last quarter. Baldwin Investment Management LLC boosted its holdings in Lam Research by 1.4% in the 3rd quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company's stock worth $8,364,000 after acquiring an additional 137 shares during the period. Finally, Bedell Frazier Investment Counselling LLC grew its holdings in Lam Research by 10.1% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company's stock valued at $1,272,000 after purchasing an additional 143 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX stock traded up $1.56 during midday trading on Wednesday, reaching $81.47. The company had a trading volume of 4,646,262 shares, compared to its average volume of 12,528,155. The stock has a 50 day moving average price of $76.32 and a 200-day moving average price of $78.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a market capitalization of $104.58 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Equities research analysts expect that Lam Research Co. will post 3.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LRCX shares. Mizuho decreased their price target on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Barclays dropped their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Stifel Nicolaus restated a "buy" rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, B. Riley reduced their price target on shares of Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $95.72.

Lam Research 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.