Brighton Jones LLC Has $1.17 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Brighton Jones LLC decreased its stake in Lam Research Co. (NASDAQ:LRCX) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,498 shares of the semiconductor company’s stock after selling 94 shares during the quarter. Brighton Jones LLC’s holdings in Lam Research were worth $1,173,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Lam Research in the 3rd quarter valued at $25,000. BluePath Capital Management LLC acquired a new stake in Lam Research in the 3rd quarter valued at $28,000. OFI Invest Asset Management acquired a new stake in Lam Research in the 3rd quarter valued at $30,000. Asset Dedication LLC boosted its stake in Lam Research by 56.7% in the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 17 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Lam Research in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other Lam Research news, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the completion of the transaction, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the transaction, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The disclosure for this sale can be found here. Insiders sold 7,089 shares of company stock valued at $6,614,781 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $894.41 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. Lam Research Co. has a 12 month low of $507.19 and a 12 month high of $1,007.39. The stock has a 50 day moving average of $943.60 and a 200-day moving average of $815.20. The company has a market capitalization of $117.26 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.88 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.53. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $6.99 EPS. As a group, equities research analysts predict that Lam Research Co. will post 29.62 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.89%. Lam Research’s dividend payout ratio is presently 29.42%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Lam Research in a research note on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 price objective on the stock. B. Riley raised Lam Research from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $870.00 to $1,100.00 in a research note on Friday, April 19th. StockNews.com raised Lam Research from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. TD Cowen increased their price target on Lam Research from $975.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Mizuho increased their price target on Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $950.85.

Lam Research 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.