Benjamin F. Edwards & Company Inc. Acquires 1,188 Shares of Lam Research Co. (NASDAQ:LRCX)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,714 shares of the semiconductor company’s stock after acquiring an additional 1,188 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Lam Research were worth $5,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Independent Advisor Alliance boosted its position in Lam Research by 8.0% in the 3rd quarter. Independent Advisor Alliance now owns 1,885 shares of the semiconductor company’s stock valued at $1,182,000 after buying an additional 140 shares during the last quarter. Brown Advisory Inc. increased its position in Lam Research by 1.9% in the third quarter. Brown Advisory Inc. now owns 4,357 shares of the semiconductor company’s stock worth $2,731,000 after purchasing an additional 82 shares during the period. Groesbeck Investment Management Corp NJ raised its holdings in Lam Research by 1.3% during the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 4,404 shares of the semiconductor company’s stock worth $2,760,000 after purchasing an additional 56 shares during the last quarter. Geneva Partners LLC lifted its position in Lam Research by 68.6% during the 3rd quarter. Geneva Partners LLC now owns 2,224 shares of the semiconductor company’s stock valued at $1,394,000 after purchasing an additional 905 shares during the period. Finally, Sage Mountain Advisors LLC boosted its stake in shares of Lam Research by 13.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 502 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in 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 report on Tuesday, April 16th. The Goldman Sachs Group upped their price objective on Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Cantor Fitzgerald restated a “neutral” rating and set a $1,100.00 target price on shares of Lam Research in a report on Thursday, April 25th. UBS Group boosted their target price on Lam Research from $1,130.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Evercore ISI assumed coverage on shares of Lam Research in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $950.85.

Insider Transactions at Lam Research

In other Lam Research news, EVP Patrick J. Lord sold 60 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $921.54, for a total value of $55,292.40. Following the completion of the sale, the executive vice president now owns 4,454 shares in the company, valued at $4,104,539.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Lam Research news, EVP Patrick J. Lord sold 60 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $921.54, for a total transaction of $55,292.40. Following the transaction, the executive vice president now owns 4,454 shares of the company’s stock, valued at $4,104,539.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders have sold a total of 7,089 shares of company stock worth $6,614,781 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Lam Research Stock Up 2.8 %

LRCX traded up $24.85 during trading hours on Friday, hitting $908.53. 875,385 shares of the company’s stock were exchanged, compared to its average volume of 1,105,338. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. Lam Research Co. has a 1-year low of $507.19 and a 1-year high of $1,007.39. The stock’s 50-day moving average is $941.71 and its two-hundred day moving average is $816.04. The stock has a market cap of $119.11 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.74 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $6.99 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts predict that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Tuesday, March 12th. Lam Research’s dividend payout ratio is currently 29.42%.

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.