Lam Research Co. (NASDAQ:LRCX) Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 30.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 735 shares of the semiconductor company’s stock after purchasing an additional 171 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Lam Research were worth $577,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Lam Research during the third quarter worth about $25,000. BluePath Capital Management LLC acquired a new position in shares of Lam Research during the third quarter worth about $28,000. OFI Invest Asset Management acquired a new position in shares of Lam Research during the third quarter worth about $30,000. Asset Dedication LLC increased its stake in shares of Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 17 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth about $30,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In related news, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the transaction, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,029 shares of company stock valued at $6,559,489. Company insiders own 0.32% of the company’s stock.

Lam Research Stock Down 2.1 %

Shares of NASDAQ LRCX opened at $870.25 on Friday. Lam Research Co. has a 12-month low of $493.42 and a 12-month high of $1,007.39. The company has a market capitalization of $114.09 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02. The firm’s 50-day moving average is $945.44 and its two-hundred day moving average is $799.83.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $10.71 earnings per share. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year. Equities analysts anticipate that Lam Research Co. will post 28.92 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s payout ratio is 30.94%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LRCX shares. The Goldman Sachs Group boosted their price target on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Evercore ISI started coverage on shares of Lam Research in a research note on Tuesday. They set an “outperform” rating and a $1,200.00 price target on the stock. TD Cowen boosted their price target on shares of Lam Research from $710.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Lam Research in a research report on Thursday, April 11th. They set a “hold” rating and a $1,000.00 target price on the stock. Finally, Barclays upped their target price on shares of Lam Research from $750.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $899.64.

Lam Research Company 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.