Stifel Financial Corp Purchases 572,399 Shares of Lam Research Co. (NASDAQ:LRCX)

Stifel Financial Corp grew its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 894.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 636,359 shares of the semiconductor company's stock after buying an additional 572,399 shares during the period. Stifel Financial Corp's holdings in Lam Research were worth $45,965,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Financial Perspectives Inc increased its position in shares of 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 in the last quarter. Fairway Wealth LLC raised its stake in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares during the period. Atwood & Palmer Inc. bought a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. Midwest Capital Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth about $27,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after buying an additional 343 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of recent research reports. TD Securities reduced their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday. Mizuho increased their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Wells Fargo & Company decreased their target price on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research report on Thursday. TD Cowen cut their price target on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group raised their price objective on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.70.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded up $0.52 on Friday, reaching $71.42. 9,749,642 shares of the company's stock were exchanged, compared to its average volume of 12,130,700. 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 Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The company has a fifty day moving average of $73.15 and a 200-day moving average of $75.43. The company has a market capitalization of $91.68 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, research analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.29%. Lam Research's dividend payout ratio is 25.63%.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by insiders.

Lam Research 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.