FSA Wealth Management LLC Acquires 716 Shares of Lam Research Co. (NASDAQ:LRCX)

FSA Wealth Management LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 895.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 796 shares of the semiconductor company’s stock after acquiring an additional 716 shares during the period. FSA Wealth Management LLC’s holdings in Lam Research were worth $57,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LRCX. Nippon Life Global Investors Americas Inc. raised its position in shares of Lam Research by 960.6% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 256,250 shares of the semiconductor company’s stock valued at $18,563,000 after purchasing an additional 232,090 shares during the period. Fayez Sarofim & Co acquired a new position in Lam Research during the 4th quarter worth $939,000. IHT Wealth Management LLC grew its position in shares of Lam Research by 757.0% in the fourth quarter. IHT Wealth Management LLC now owns 23,388 shares of the semiconductor company’s stock valued at $1,689,000 after purchasing an additional 20,659 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Lam Research by 793.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 10,624 shares of the semiconductor company’s stock worth $767,000 after purchasing an additional 9,435 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of Lam Research by 894.9% during the 4th quarter. Stifel Financial Corp now owns 636,359 shares of the semiconductor company’s stock worth $45,965,000 after purchasing an additional 572,399 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Lam Research Price Performance

Shares of LRCX opened at $62.39 on Tuesday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a market cap of $80.09 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The stock’s 50-day moving average price is $74.41 and its two-hundred day moving average price is $75.76. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.47%. Lam Research’s dividend payout ratio is currently 27.96%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group decreased their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Finally, UBS Group decreased their price objective on Lam Research from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.87.

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.