Tradition Wealth Management LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

Tradition Wealth Management LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 807.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,684 shares of the semiconductor company's stock after purchasing an additional 15,736 shares during the period. Tradition Wealth Management LLC's holdings in Lam Research were worth $1,277,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC boosted its position in shares of 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 purchasing an additional 306 shares in the last quarter. Financial Perspectives Inc lifted its position in 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 in the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research during the fourth quarter worth $27,000. Midwest Capital Advisors LLC acquired a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Finally, Bell Investment Advisors Inc grew its position in Lam Research by 836.6% in 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 in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Transactions at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Lam Research Stock Up 0.7 %

Shares of LRCX stock traded up $0.52 during trading on Friday, reaching $71.42. The company's stock had a trading volume of 9,748,378 shares, compared to its average volume of 12,141,847. 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 has a fifty day moving average price of $73.45 and a 200-day moving average price of $75.55. The company has a market cap of $91.68 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. 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, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Analysts anticipate 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 given a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.29%. Lam Research's dividend payout ratio is presently 27.96%.

Analyst Ratings Changes

LRCX has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Thursday. Morgan Stanley raised their price target on shares of Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday. Jefferies Financial Group lifted their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. TD Securities decreased 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 note on Thursday. Finally, Needham & Company LLC dropped their price objective on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $92.80.

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.