SageView Advisory Group LLC Purchases 4,168 Shares of Lam Research Co. (NASDAQ:LRCX)

SageView Advisory Group LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 879.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,642 shares of the semiconductor company's stock after buying an additional 4,168 shares during the quarter. SageView Advisory Group LLC's holdings in Lam Research were worth $335,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. West Oak Capital LLC increased its holdings in shares of 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 purchasing an additional 135 shares during the last quarter. Diversified Trust Co lifted its stake in shares of 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 acquiring an additional 286 shares during the last quarter. McLean Asset Management Corp increased its stake in Lam Research by 6.3% in the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock worth $370,000 after buying an additional 302 shares during the period. Fairway Wealth LLC raised its stake in shares of Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after buying an additional 307 shares during the period. Institutional investors own 84.61% of the company's stock.

Insider Buying and Selling

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on 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 sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and upped their target price for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Mizuho upped their target price on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Bank of America dropped their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.87.

Lam Research Trading Down 2.1 %

Shares of Lam Research stock traded down $1.38 during trading on Friday, reaching $63.76. 13,845,188 shares of the company were exchanged, compared to its average volume of 12,150,980. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $74.79 and a 200-day moving average price of $75.96. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The firm has a market capitalization of $81.85 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.44%. Lam Research's dividend payout ratio (DPR) is currently 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.