SNS Financial Group LLC Has $242,000 Stake in Lam Research Co. (NASDAQ:LRCX)

SNS Financial Group LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 895.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,344 shares of the semiconductor company's stock after acquiring an additional 3,008 shares during the quarter. SNS Financial Group LLC's holdings in Lam Research were worth $242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Financial Perspectives Inc raised its stake in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares during the period. Atwood & Palmer Inc. bought a new position in Lam Research in the 4th quarter worth about $27,000. West Oak Capital LLC grew its position in Lam Research by 50.9% in the 4th 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. Country Trust Bank grew its position in Lam Research by 900.0% in the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Finally, Finley Financial LLC bought a new position in Lam Research in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on LRCX shares. Mizuho upped their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and upped their target price for the stock from $75.00 to $125.00 in a research report on Thursday. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a report on Friday, January 17th. Morgan Stanley increased their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, BNP Paribas upgraded shares of Lam Research to a "hold" rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $98.22.

Lam Research Stock Down 3.1 %

LRCX stock traded down $2.75 during midday trading on Friday, reaching $86.27. The company had a trading volume of 6,092,253 shares, compared to its average volume of 12,233,333. Lam Research Co. has a 1 year low of $68.87 and a 1 year 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 capitalization of $110.74 billion, a P/E ratio of 26.19, a PEG ratio of 1.45 and a beta of 1.46. The company has a 50 day moving average of $78.27 and a two-hundred day moving average of $77.97.

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 (EPS) 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%. On average, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. Lam Research's dividend payout ratio (DPR) is 27.95%.

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.