Runnymede Capital Advisors Inc. Takes $1.64 Million Position in Lam Research Co. (NASDAQ:LRCX)

Runnymede Capital Advisors Inc. acquired 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 SEC. The firm acquired 22,750 shares of the semiconductor company's stock, valued at approximately $1,643,000. Lam Research makes up approximately 1.4% of Runnymede Capital Advisors Inc.'s portfolio, making the stock its 15th biggest holding.

Other institutional investors also recently modified their holdings of the company. Financial Perspectives Inc boosted its holdings in 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 acquiring an additional 309 shares during the last quarter. Fairway Wealth LLC boosted its stake in shares of Lam Research by 900.0% in 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 during the last quarter. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the fourth quarter worth approximately $27,000. Midwest Capital Advisors LLC acquired a new position in Lam Research in the fourth quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc boosted its stake in Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 343 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of 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. Barclays reduced 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. Oppenheimer started coverage on Lam Research in a research report on Thursday, March 20th. They issued an "outperform" rating and a $95.00 price objective for the company. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Finally, Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $98.06.

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Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Price Performance

Lam Research stock traded up $0.08 during trading hours on Tuesday, reaching $78.07. 2,127,649 shares of the stock were exchanged, compared to its average volume of 11,069,593. The stock has a 50 day moving average of $79.70 and a two-hundred day moving average of $77.30. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a market cap of $100.22 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio is presently 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.