Rothschild Investment LLC Raises Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Rothschild Investment LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 956.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,509 shares of the semiconductor company’s stock after purchasing an additional 3,177 shares during the quarter. Rothschild Investment LLC’s holdings in Lam Research were worth $253,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LRCX. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares in the last quarter. Insight Wealth Partners LLC purchased a new position in Lam Research in the third quarter worth about $202,000. B&L Asset Management LLC purchased a new position in Lam Research in the third quarter worth about $204,000. Dynamic Technology Lab Private Ltd bought a new stake in Lam Research during the third quarter worth approximately $220,000. Finally, Tilson Financial Group Inc. purchased a new stake in Lam Research during the third quarter valued at approximately $233,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LRCX shares. KeyCorp upgraded 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. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and increased their target price for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. Finally, Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

Lam Research Stock Down 3.7 %

NASDAQ:LRCX opened at $80.28 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 cap of $103.06 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company has a 50-day moving average of $78.62 and a 200 day moving average of $78.11. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is 27.96%.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

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.