Global Retirement Partners LLC Acquires 4,560 Shares of Lam Research Co. (NASDAQ:LRCX)

Global Retirement Partners LLC grew its position in Lam Research Co. (NASDAQ:LRCX) by 240.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,457 shares of the semiconductor company’s stock after purchasing an additional 4,560 shares during the period. Global Retirement Partners LLC’s holdings in Lam Research were worth $466,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 valued at $163,000 after buying an additional 192 shares during the period. Insight Wealth Partners LLC bought a new position in shares of Lam Research during the 3rd quarter valued at about $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research during the third quarter worth $204,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Lam Research in the third quarter valued at about $220,000. Finally, Tilson Financial Group Inc. acquired a new position in Lam Research during the 3rd quarter worth approximately $233,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LRCX shares. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Finally, Barclays cut their price objective 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. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.22.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction 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. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by corporate insiders.

Lam Research Stock Down 3.4 %

Shares of NASDAQ LRCX opened at $86.02 on Monday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock’s fifty day moving average is $78.46 and its 200 day moving average is $78.04. 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 stock has a market capitalization of $110.42 billion, a P/E ratio of 26.13, a PEG ratio of 1.47 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Sell-side analysts forecast 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 issued 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 1.07%. Lam Research’s dividend payout ratio (DPR) is currently 27.96%.

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.