Lam Research Co. (NASDAQ:LRCX) Position Raised by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 781.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 331,170 shares of the semiconductor company’s stock after acquiring an additional 293,619 shares during the quarter. Cerity Partners LLC’s holdings in Lam Research were worth $23,920,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LRCX. Parisi Gray Wealth Management grew its position in Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock worth $603,000 after purchasing an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY acquired a new position in shares of Lam Research during the fourth quarter worth approximately $815,000. Centerpoint Advisors LLC grew its holdings in Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company’s stock worth $72,000 after buying an additional 900 shares in the last quarter. Transform Wealth LLC acquired a new stake in Lam Research in the 4th quarter valued at approximately $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new stake in Lam Research during the 4th quarter valued at $4,258,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LRCX. The Goldman Sachs Group decreased their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Jefferies Financial Group boosted their price target on shares of Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 28th. Oppenheimer began coverage on shares of Lam Research in a report on Thursday, March 20th. They issued an “outperform” rating and a $95.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.59.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Lam Research Stock Down 3.1 %

LRCX stock opened at $60.25 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. The firm has a market capitalization of $77.34 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.47 and a beta of 1.52. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. The company’s 50 day simple moving average is $77.41 and its 200-day simple moving average is $76.73.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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%. As a group, equities research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

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 paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.53%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

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.