Tyler Stone Wealth Management Increases Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Tyler Stone Wealth Management increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 795.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,300 shares of the semiconductor company’s stock after buying an additional 10,038 shares during the period. Tyler Stone Wealth Management’s holdings in Lam Research were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in LRCX. Insight Wealth Partners LLC purchased a new stake in Lam Research during the 3rd quarter worth about $202,000. B&L Asset Management LLC bought a new position in shares of Lam Research in the third quarter worth approximately $204,000. Dynamic Technology Lab Private Ltd purchased a new position in Lam Research during the 3rd quarter valued at about $220,000. Virtus Investment Advisers Inc. bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $245,000. Finally, Qsemble Capital Management LP bought a new position in shares of Lam Research during the third quarter valued at approximately $267,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on LRCX. Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Oppenheimer began coverage on shares of Lam Research in a research report on Thursday, March 20th. They issued an “outperform” rating and a $95.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group cut their price objective 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. Finally, 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. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.06.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $77.67 on Wednesday. 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 Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm has a fifty day moving average price of $79.75 and a 200-day moving average price of $77.31. The stock has a market cap of $99.70 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last issued its 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%. Equities 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. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.18%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.96%.

Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

About Lam Research

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.