5,513 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,513 shares of the semiconductor company's stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Financial Perspectives Inc lifted its holdings in shares of Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares in the last quarter. Fairway Wealth LLC lifted 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 worth $25,000 after purchasing an additional 306 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in shares of Lam Research during the 4th quarter valued at $27,000. Midwest Capital Advisors LLC purchased a new position in Lam Research in the fourth quarter valued at about $27,000. Finally, Bell Investment Advisors Inc increased its stake in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's 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 completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.29% of the company's stock.

Remove Ads

Lam Research Price Performance

Lam Research stock traded down $6.05 on Thursday, reaching $67.73. The company's stock had a trading volume of 4,838,541 shares, compared to its average volume of 11,686,091. Lam Research Co. has a twelve month low of $67.11 and a twelve month high of $113.00. The company has a market cap of $86.94 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The business's fifty day moving average price is $78.99 and its 200 day moving average price is $77.28.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 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 analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.36%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LRCX shares. Wolfe Research cut Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Oppenheimer assumed coverage on shares of Lam Research in a research note on Thursday, March 20th. They set an "outperform" rating and a $95.00 target price for the company. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Morgan Stanley raised their target price on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.59.

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.