Waldron Private Wealth LLC Invests $511,000 in Lam Research Co. (NASDAQ:LRCX)

Waldron Private Wealth LLC purchased a new position in Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,068 shares of the semiconductor company's stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cypress Capital Group lifted its stake in Lam Research by 3.7% during the third quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock worth $2,987,000 after purchasing an additional 132 shares during the period. Savvy Advisors Inc. grew its position in Lam Research by 58.3% in the third quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company's stock valued at $297,000 after acquiring an additional 134 shares during the period. West Oak Capital LLC raised its stake in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 135 shares in the last quarter. Baldwin Investment Management LLC boosted its stake in shares of Lam Research by 1.4% in the 3rd quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company's stock valued at $8,364,000 after purchasing an additional 137 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC grew its holdings in shares of Lam Research by 10.1% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company's stock worth $1,272,000 after purchasing an additional 143 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research analyst reports. Mizuho decreased their target price on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. BNP Paribas raised Lam Research to a "hold" rating in a research note on Thursday, October 24th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Cantor Fitzgerald raised Lam Research from a "neutral" rating to an "overweight" rating and increased their price target for the company from $95.00 to $100.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley increased their target price on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $95.72.

Lam Research Trading Up 1.9 %

NASDAQ LRCX traded up $1.54 on Wednesday, reaching $81.45. The company had a trading volume of 4,646,262 shares, compared to its average volume of 12,528,155. The business has a 50 day moving average of $76.32 and a two-hundred day moving average of $78.33. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The firm has a market cap of $104.56 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 1.34 and a beta of 1.46. 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 (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Analysts forecast that Lam Research Co. will post 3.69 EPS for the current year.

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.