Regal Investment Advisors LLC Has $2.06 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Regal Investment Advisors LLC raised its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 838.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,478 shares of the semiconductor company's stock after buying an additional 25,444 shares during the period. Regal Investment Advisors LLC's holdings in Lam Research were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. West Oak Capital LLC raised its stake in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 135 shares in the last quarter. Diversified Trust Co grew its position in Lam Research by 8.3% during the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock worth $270,000 after purchasing an additional 286 shares during the period. McLean Asset Management Corp raised its position in Lam Research by 6.3% during the fourth quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after acquiring an additional 302 shares in the last quarter. Fairway Wealth LLC increased its holdings in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in shares of Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 307 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

Shares of LRCX stock traded down $1.38 during midday trading on Friday, reaching $63.76. 13,845,188 shares of the company were exchanged, compared to its average volume of 12,150,980. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The company has a market cap of $81.85 billion, a P/E ratio of 19.37, a PEG ratio of 1.47 and a beta of 1.52. The company's 50 day moving average price is $74.79 and its two-hundred day moving average price is $75.96. 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 (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio is currently 27.96%.

Insider Activity at Lam Research

In related 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 transaction, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group boosted their target price on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Wells Fargo & Company raised their price objective on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, UBS Group cut their target price on Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $93.87.

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.