Lam Research Co. (NASDAQ:LRCX) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1,421.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,512 shares of the semiconductor company’s stock after purchasing an additional 15,427 shares during the quarter. Wedbush Securities Inc.’s holdings in Lam Research were worth $1,193,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Zacks Investment Management increased its stake in shares of Lam Research by 150.7% during the third quarter. Zacks Investment Management now owns 1,336 shares of the semiconductor company’s stock valued at $1,091,000 after acquiring an additional 803 shares during the period. XTX Topco Ltd raised its stake in shares of Lam Research by 111.9% in the 3rd quarter. XTX Topco Ltd now owns 1,388 shares of the semiconductor company’s stock worth $1,133,000 after buying an additional 733 shares in the last quarter. Main Management ETF Advisors LLC bought a new position in Lam Research during the third quarter valued at about $633,000. Nomura Asset Management Co. Ltd. raised its position in Lam Research by 67.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 189,728 shares of the semiconductor company’s stock worth $154,833,000 after acquiring an additional 76,752 shares in the last quarter. Finally, Groupama Asset Managment grew its stake in shares of Lam Research by 7.8% in the 3rd quarter. Groupama Asset Managment now owns 24,921 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 1,810 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $59.09 on Monday. 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 company has a market cap of $75.85 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The firm has a fifty day moving average price of $78.26 and a two-hundred day moving average price of $77.08. Lam Research Co. has a fifty-two week low of $56.89 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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%. Analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.56%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their price target for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Mizuho upped their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Finally, Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $97.59.

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.