OneDigital Investment Advisors LLC Acquires 9,435 Shares of Lam Research Co. (NASDAQ:LRCX)

OneDigital Investment Advisors LLC boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 793.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,624 shares of the semiconductor company's stock after buying an additional 9,435 shares during the period. OneDigital Investment Advisors LLC's holdings in Lam Research were worth $767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parisi Gray Wealth Management grew its position in Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock valued at $603,000 after acquiring an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY purchased a new position in shares of Lam Research in the 4th quarter valued at $815,000. Centerpoint Advisors LLC raised its position in shares of Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 900 shares in the last quarter. Transform Wealth LLC bought a new position in shares of Lam Research in the 4th quarter worth $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new stake in Lam Research during the fourth quarter valued at about $4,258,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business'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 completion of the sale, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of recent analyst reports. B. Riley restated a "buy" rating on shares of Lam Research in a report on Thursday. Morgan Stanley raised their target price on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday. TD Cowen reduced their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday. TD Securities lowered their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Needham & Company LLC reduced their target price on Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.70.

Lam Research Stock Performance

Shares of LRCX stock opened at $71.42 on Friday. The stock has a market cap of $91.68 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. The business has a 50-day simple moving average of $73.15 and a 200-day simple moving average of $75.48. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, equities analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared 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 was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.29%. Lam Research's dividend payout ratio is presently 27.96%.

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.

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