Monument Capital Management Purchases Shares of 272 Lam Research Co. (NASDAQ:LRCX)

Monument Capital Management purchased a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, Holdings Channel reports. The fund purchased 272 shares of the semiconductor company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently modified their holdings of LRCX. Arlington Trust Co LLC grew its holdings in Lam Research by 7.7% during the 4th quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 13 shares in the last quarter. CNB Bank grew its holdings in Lam Research by 1.4% during the 4th quarter. CNB Bank now owns 1,032 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 14 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in Lam Research by 4.1% during the 4th quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company’s stock valued at $296,000 after purchasing an additional 15 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in Lam Research by 1.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock valued at $841,000 after purchasing an additional 17 shares in the last quarter. Finally, Asset Dedication LLC boosted its stake in Lam Research by 56.7% during the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Lam Research from $950.00 to $1,050.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on shares of Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. UBS Group increased their price objective on shares of Lam Research from $885.00 to $1,130.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Barclays increased their price objective on shares of Lam Research from $750.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Finally, Citigroup increased their price objective on shares of Lam Research from $800.00 to $975.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $931.85.

Lam Research Stock Down 0.3 %

LRCX stock opened at $868.07 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 3.06 and a debt-to-equity ratio of 0.61. Lam Research Co. has a fifty-two week low of $493.42 and a fifty-two week high of $1,007.39. The firm’s 50-day simple moving average is $944.64 and its 200 day simple moving average is $804.00. The stock has a market cap of $113.80 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the company earned $10.71 EPS. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year. As a group, sell-side analysts predict that Lam Research Co. will post 28.92 EPS for the current year.

Lam Research Announces Dividend

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

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction dated 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 owns 10,541 shares of the company’s stock, valued at approximately $10,246,168.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction dated 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 owns 10,541 shares of the company’s stock, valued at approximately $10,246,168.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. In 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.

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.