Lam Research Co. (NASDAQ:LRCX) Shares Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 917.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 73,180 shares of the semiconductor company's stock after purchasing an additional 65,991 shares during the period. United Capital Financial Advisors LLC's holdings in Lam Research were worth $5,286,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC boosted its stake in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Financial Perspectives Inc grew its stake in Lam Research by 908.8% during 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 last quarter. Atwood & Palmer Inc. purchased a new stake in Lam Research in the fourth quarter valued at about $27,000. Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research during the fourth quarter worth about $27,000. Finally, Bell Investment Advisors Inc raised its position in shares of Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Oppenheimer decreased their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Bank of America lowered their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus reduced their price objective on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Mizuho increased their price target 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. Finally, Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price objective for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $93.63.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $0.89 during trading on Tuesday, reaching $63.28. The stock had a trading volume of 2,950,564 shares, compared to its average volume of 12,118,167. The business has a fifty day moving average price of $74.41 and a 200-day moving average price of $75.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a market cap of $81.23 billion, a PE ratio of 19.22, a PEG ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.96%.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred 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 sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company's stock.

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.