Consilium Wealth Advisory LLC Acquires 3,186 Shares of Lam Research Co. (NASDAQ:LRCX)

Consilium Wealth Advisory LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,540 shares of the semiconductor company’s stock after purchasing an additional 3,186 shares during the period. Consilium Wealth Advisory LLC’s holdings in Lam Research were worth $256,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares in the last quarter. Insight Wealth Partners LLC bought a new position in shares of Lam Research in the 3rd quarter worth $202,000. B&L Asset Management LLC bought a new position in shares of Lam Research in the 3rd quarter worth $204,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Lam Research in the 3rd quarter worth $220,000. Finally, Tilson Financial Group Inc. bought a new position in shares of Lam Research in the 3rd quarter worth $233,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Friday, January 17th. Finally, Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Lam Research Stock Up 1.3 %

Shares of NASDAQ LRCX opened at $81.30 on Thursday. The company has a market cap of $104.36 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.47 and a beta of 1.46. 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 50-day simple moving average of $78.74 and a two-hundred day simple moving average of $78.11. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. Lam Research’s dividend payout ratio (DPR) 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.