FAS Wealth Partners Inc. Has $2.35 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

FAS Wealth Partners Inc. grew its holdings in Lam Research Co. (NASDAQ:LRCXFree Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,996 shares of the semiconductor company’s stock after purchasing an additional 22 shares during the period. FAS Wealth Partners Inc.’s holdings in Lam Research were worth $2,347,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Valued Wealth Advisors LLC acquired a new position in shares of Lam Research in the 4th quarter valued at about $30,000. Bollard Group LLC grew its stake in shares of Lam Research by 60.0% in the 2nd quarter. Bollard Group LLC now owns 40 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 15 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Lam Research in the 3rd quarter valued at approximately $25,000. BluePath Capital Management LLC bought a new stake in shares of Lam Research in the 3rd quarter valued at approximately $28,000. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Down 1.5 %

Shares of LRCX stock opened at $967.33 on Wednesday. Lam Research Co. has a 12 month low of $480.45 and a 12 month high of $1,007.39. The firm has a market cap of $126.82 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 3.49 and a beta of 1.51. The stock has a 50 day moving average of $917.08 and a 200-day moving average of $770.03. The company has a quick ratio of 2.02, a current ratio of 3.06 and a debt-to-equity ratio of 0.61.

Lam Research (NASDAQ:LRCXGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $7.06 by $0.46. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.71 billion. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The company’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the previous year, the company earned $10.71 earnings per share. On average, equities analysts predict that Lam Research Co. will post 28.88 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be paid a $2.00 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.83%. Lam Research’s payout ratio is 30.94%.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lam Research news, CAO Christina Corrreia sold 647 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the transaction, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LRCX shares. Citigroup boosted their price target on Lam Research from $800.00 to $975.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Cantor Fitzgerald reissued a “neutral” rating and issued a $900.00 price target on shares of Lam Research in a research note on Monday, March 4th. TD Cowen boosted their price target on Lam Research from $710.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group boosted their price target on Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Company upped their target price on Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $826.68.

Get Our Latest Analysis on LRCX

Lam Research Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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