8,073 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Personal CFO Solutions LLC

Personal CFO Solutions LLC purchased a new position in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,073 shares of the semiconductor company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. AIA Group Ltd purchased a new stake in Lam Research during the third quarter worth $430,000. Leavell Investment Management Inc. grew its stake in shares of Lam Research by 14.7% during the third quarter. Leavell Investment Management Inc. now owns 1,950 shares of the semiconductor company’s stock worth $1,595,000 after acquiring an additional 250 shares during the last quarter. Equitable Trust Co. raised its position in shares of Lam Research by 141.2% in the 3rd quarter. Equitable Trust Co. now owns 1,517 shares of the semiconductor company’s stock valued at $1,238,000 after purchasing an additional 888 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Lam Research in the third quarter worth $2,364,000. Finally, Assetmark Inc. increased its position in shares of Lam Research by 6.4% in the 3rd quarter. Assetmark Inc. now owns 31,432 shares of the semiconductor company’s stock valued at $25,651,000 after acquiring an additional 1,879 shares during the period. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on LRCX shares. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company boosted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Mizuho lifted their price target on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $100.00 price objective on shares of Lam Research in a research report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $98.22.

Lam Research Price Performance

LRCX stock opened at $79.01 on Monday. The company has a market cap of $101.42 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.47 and a beta of 1.53. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $79.30 and a 200-day moving average of $77.68. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.16%. Lam Research’s dividend payout ratio (DPR) is currently 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.