Shelton Capital Management Purchases 169,287 Shares of Lam Research Co. (NASDAQ:LRCX)

Shelton Capital Management raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,013.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,996 shares of the semiconductor company's stock after buying an additional 169,287 shares during the period. Shelton Capital Management's holdings in Lam Research were worth $13,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parisi Gray Wealth Management raised its stake in shares of Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after purchasing an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY bought a new stake in Lam Research during the fourth quarter worth $815,000. Centerpoint Advisors LLC raised its position in Lam Research by 900.0% during the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 900 shares in the last quarter. Transform Wealth LLC acquired a new stake in Lam Research in the 4th quarter valued at about $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new position in shares of Lam Research during the 4th quarter worth approximately $4,258,000. Institutional investors own 84.61% of the company's stock.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

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Lam Research Price Performance

Shares of LRCX stock traded up $1.05 on Friday, reaching $67.48. The company had a trading volume of 14,704,156 shares, compared to its average volume of 12,144,348. The stock has a market capitalization of $86.62 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. 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's 50-day moving average is $76.49 and its 200 day moving average is $76.49. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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 research analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LRCX. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group dropped their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Mizuho boosted their price target on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $96.87.

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.