Texas Capital Bancshares Inc TX Grows Stock Position in Lam Research Co. (NASDAQ:LRCX)

Texas Capital Bancshares Inc TX grew its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,130 shares of the semiconductor company's stock after acquiring an additional 10,017 shares during the period. Texas Capital Bancshares Inc TX's holdings in Lam Research were worth $804,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Financial Perspectives Inc lifted its holdings in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after buying an additional 309 shares during the period. Fairway Wealth LLC increased its position in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Lam Research during the 4th quarter valued at approximately $27,000. Midwest Capital Advisors LLC acquired a new stake in Lam Research during the 4th quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc grew its holdings in 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 acquiring an additional 343 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Bank of America dropped their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday. Jefferies Financial Group lifted their target price on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Mizuho boosted their price objective on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $100.00 price objective on shares of Lam Research in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.06.

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Insider Buying and Selling 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 value of $9,907,200.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by insiders.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $2.60 during midday trading on Wednesday, hitting $65.84. 5,198,017 shares of the company's stock traded hands, compared to its average volume of 12,130,787. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The firm has a fifty day moving average of $75.92 and a 200 day moving average of $76.24. The stock has a market capitalization of $84.52 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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%. On average, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.40%. Lam Research's dividend payout ratio is presently 27.96%.

Lam Research Company 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.