First Foundation Advisors Has $1.45 Million Position in Lam Research Co. (NASDAQ:LRCX)

First Foundation Advisors raised its stake in Lam Research Co. (NASDAQ:LRCX) by 958.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,022 shares of the semiconductor company’s stock after acquiring an additional 18,130 shares during the period. First Foundation Advisors’ holdings in Lam Research were worth $1,446,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of LRCX. EnRich Financial Partners LLC acquired a new position in shares of Lam Research in the 4th quarter valued at approximately $67,000. Treasurer of the State of North Carolina increased its stake in Lam Research by 894.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 618,759 shares of the semiconductor company’s stock valued at $44,693,000 after acquiring an additional 556,542 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in Lam Research by 956.6% during the fourth quarter. Legacy Financial Advisors Inc. now owns 5,040 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 4,563 shares in the last quarter. LSV Asset Management lifted its stake in Lam Research by 1,367.4% during the fourth quarter. LSV Asset Management now owns 27,880 shares of the semiconductor company’s stock worth $2,014,000 after purchasing an additional 25,980 shares during the last quarter. Finally, Colonial Trust Advisors boosted its holdings in shares of Lam Research by 900.0% in the 4th quarter. Colonial Trust Advisors now owns 1,150 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 1,035 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.29% of the company’s stock.

Lam Research Stock Down 6.6 %

Shares of NASDAQ:LRCX opened at $66.43 on Friday. The business’s 50-day moving average is $76.74 and its 200-day moving average is $76.57. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The company has a market capitalization of $85.27 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.47 and a beta of 1.52. 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 (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is currently 27.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho upped their price objective on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. KeyCorp raised 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 report on Friday, January 17th. Jefferies Financial Group upped their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.59.

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.