RWA Wealth Partners LLC Buys 36,342 Shares of Lam Research Co. (NASDAQ:LRCX)

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

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

Remove Ads

Insider Buying and Selling

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

Lam Research Trading Up 1.3 %

Lam Research stock traded up $0.95 during mid-day trading on Wednesday, hitting $73.78. The company's stock had a trading volume of 7,606,426 shares, compared to its average volume of 11,701,369. The business has a 50 day moving average price of $79.18 and a 200-day moving average price of $77.30. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a market cap of $94.71 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its 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 return on equity of 51.86% and a net margin of 26.49%. As a group, analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio is 27.96%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LRCX. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and raised their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group increased their target price on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus 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.