45,687 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 45,687 shares of the semiconductor company’s stock, valued at approximately $3,300,000.

A number of other large investors have also modified their holdings of LRCX. Allworth Financial LP increased its position in shares of Lam Research by 12.2% in the 3rd quarter. Allworth Financial LP now owns 2,126 shares of the semiconductor company’s stock worth $1,735,000 after purchasing an additional 231 shares during the last quarter. PFG Investments LLC grew its position in shares of Lam Research by 186.7% during the third quarter. PFG Investments LLC now owns 1,190 shares of the semiconductor company’s stock worth $972,000 after acquiring an additional 775 shares during the last quarter. FCG Investment Co boosted its stake in Lam Research by 72.9% during the 3rd quarter. FCG Investment Co now owns 1,629 shares of the semiconductor company’s stock valued at $1,329,000 after purchasing an additional 687 shares during the period. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Lam Research during the third quarter valued at approximately $571,000. Finally, Orrstown Financial Services Inc. bought a new stake in Lam Research during the 3rd quarter valued at $646,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LRCX. Barclays lowered their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Mizuho boosted their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock 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 research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.22.

Lam Research Price Performance

NASDAQ:LRCX opened at $83.34 on Tuesday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. 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 firm’s 50-day simple moving average is $78.57 and its 200 day simple moving average is $78.10. The firm has a market cap of $106.98 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.47 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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%. As a group, sell-side analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.10%. Lam Research’s dividend payout ratio is presently 27.96%.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

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.