20,348 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by StoneX Group Inc.

StoneX Group Inc. acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,348 shares of the semiconductor company's stock, valued at approximately $1,471,000.

A number of other institutional investors also recently made changes to their positions in the company. West Oak Capital LLC boosted its holdings in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 135 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Lam Research by 5.7% in the third quarter. IHT Wealth Management LLC now owns 2,729 shares of the semiconductor company's stock valued at $2,216,000 after buying an additional 147 shares during the period. Stevens Capital Management LP grew its position in Lam Research by 112.4% during the third quarter. Stevens Capital Management LP now owns 427 shares of the semiconductor company's stock worth $348,000 after buying an additional 226 shares in the last quarter. Rench Wealth Management Inc. increased its stake in Lam Research by 3.1% during the 3rd quarter. Rench Wealth Management Inc. now owns 7,922 shares of the semiconductor company's stock worth $6,465,000 after acquiring an additional 237 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc raised its holdings in Lam Research by 2.6% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 9,911 shares of the semiconductor company's stock valued at $8,088,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

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Insider Activity

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

Lam Research Trading Down 11.6 %

Shares of Lam Research stock traded down $8.56 during trading on Thursday, hitting $65.22. The company's stock had a trading volume of 19,466,605 shares, compared to its average volume of 11,760,090. The stock has a market cap of $83.72 billion, a price-to-earnings ratio of 19.81, 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 Co. has a 52 week low of $65.03 and a 52 week high of $113.00. The stock has a 50-day moving average price of $78.67 and a two-hundred day moving average price of $77.19.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts anticipate 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 will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.41%. Lam Research's dividend payout ratio (DPR) is currently 27.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LRCX shares. Cantor Fitzgerald restated an "overweight" rating and issued a $100.00 price target on shares of Lam Research in a research report on Tuesday, February 18th. Barclays decreased their target price on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Jefferies Financial Group upped their price target on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. 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. Finally, Mizuho upped their target price on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.59.

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.