RWA Wealth Partners LLC Boosts Position in Lam Research Co. (NASDAQ:LRCX)

RWA Wealth Partners LLC increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 924.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,273 shares of the semiconductor company's stock after acquiring an additional 36,342 shares during the quarter. RWA Wealth Partners LLC's holdings in Lam Research were worth $2,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. West Oak Capital LLC raised its holdings in Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after buying an additional 135 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Lam Research by 5.7% in the third quarter. IHT Wealth Management LLC now owns 2,729 shares of the semiconductor company's stock valued at $2,216,000 after acquiring an additional 147 shares during the period. Community Bank N.A. raised its stake in shares of Lam Research by 12.5% during the third quarter. Community Bank N.A. now owns 1,765 shares of the semiconductor company's stock valued at $1,440,000 after acquiring an additional 196 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Lam Research by 40.5% during the third quarter. Algert Global LLC now owns 694 shares of the semiconductor company's stock worth $566,000 after purchasing an additional 200 shares during the period. Finally, Stevens Capital Management LP increased its holdings in Lam Research by 112.4% during the 3rd quarter. Stevens Capital Management LP now owns 427 shares of the semiconductor company's stock valued at $348,000 after purchasing an additional 226 shares during the period. Institutional investors own 84.61% of the company's stock.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction dated 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 $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company's stock.

Lam Research Stock Down 9.4 %

NASDAQ:LRCX traded down $6.13 during trading hours on Friday, reaching $59.09. 26,238,929 shares of the company traded hands, compared to its average volume of 11,825,234. Lam Research Co. has a 1 year low of $58.01 and a 1 year high of $113.00. The stock has a market capitalization of $75.85 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.47 and a beta of 1.53. The business's 50-day moving average price is $78.26 and its two-hundred day moving average price is $77.07. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

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%. Analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.56%. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Jefferies Financial Group lifted their price target 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. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price objective for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Finally, Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.59.

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.