Lam Research Co. (NASDAQ:LRCX) Position Increased by Goodman Advisory Group LLC

Goodman Advisory Group LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 743.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,221 shares of the semiconductor company’s stock after acquiring an additional 11,654 shares during the period. Goodman Advisory Group LLC’s holdings in Lam Research were worth $955,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LRCX. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Lam Research by 48.3% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,464 shares of the semiconductor company’s stock valued at $9,364,000 after purchasing an additional 3,732 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in Lam Research in the 3rd quarter worth about $18,106,000. Wilmington Savings Fund Society FSB boosted its position in Lam Research by 383.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,547 shares of the semiconductor company’s stock worth $3,711,000 after acquiring an additional 3,607 shares during the period. Tidal Investments LLC increased its holdings in shares of Lam Research by 409.6% in the 3rd quarter. Tidal Investments LLC now owns 37,420 shares of the semiconductor company’s stock valued at $30,538,000 after purchasing an additional 30,077 shares during the period. Finally, Synovus Financial Corp lifted its position in shares of Lam Research by 22.4% in the third quarter. Synovus Financial Corp now owns 3,071 shares of the semiconductor company’s stock worth $2,508,000 after purchasing an additional 561 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LRCX shares. Jefferies Financial Group upped their price objective on shares of Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 28th. Wells Fargo & Company upped their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. UBS Group lowered their target price on Lam Research from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group reduced their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.87.

Lam Research Stock Down 2.1 %

LRCX opened at $63.76 on Friday. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. 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 capitalization of $81.85 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.47 and a beta of 1.52. The firm’s fifty day moving average price is $75.18 and its two-hundred day moving average price is $76.08.

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, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

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.