Wealth Architects LLC Raises Holdings in Lam Research Co. (NASDAQ:LRCX)

Wealth Architects LLC lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 897.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,781 shares of the semiconductor company’s stock after purchasing an additional 238,241 shares during the quarter. Lam Research accounts for approximately 2.2% of Wealth Architects LLC’s portfolio, making the stock its 13th largest holding. Wealth Architects LLC’s holdings in Lam Research were worth $19,125,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LRCX. Financial Perspectives Inc boosted its position in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Fairway Wealth LLC lifted its position in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 306 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in Lam Research in the 4th quarter valued at $27,000. Midwest Capital Advisors LLC acquired a new position in Lam Research during the fourth quarter worth $27,000. Finally, Bell Investment Advisors Inc lifted its holdings in Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 343 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $100.00 target price on shares of Lam Research in a research note on Tuesday, February 18th. Susquehanna raised 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 report on Thursday, February 20th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Barclays dropped their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $98.22.

Lam Research Price Performance

Lam Research stock opened at $78.69 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a market capitalization of $101.01 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company’s 50 day simple moving average is $79.57 and its 200-day simple moving average is $77.39. 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 results on Wednesday, January 29th. The semiconductor company reported $0.91 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%. As a group, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value 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 approximately $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.