539 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by DeDora Capital Inc.

DeDora Capital Inc. purchased a new stake in Lam Research Co. (NASDAQ:LRCX) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 539 shares of the semiconductor company’s stock, valued at approximately $524,000.

A number of other large investors have also recently made changes to their positions in the company. Independent Advisor Alliance increased its stake in shares of Lam Research by 8.0% during the 3rd quarter. Independent Advisor Alliance now owns 1,885 shares of the semiconductor company’s stock worth $1,182,000 after purchasing an additional 140 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Lam Research by 1.9% during the 3rd quarter. Brown Advisory Inc. now owns 4,357 shares of the semiconductor company’s stock worth $2,731,000 after purchasing an additional 82 shares during the period. Groesbeck Investment Management Corp NJ grew its holdings in shares of Lam Research by 1.3% during the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 4,404 shares of the semiconductor company’s stock worth $2,760,000 after purchasing an additional 56 shares during the period. Geneva Partners LLC boosted its holdings in Lam Research by 68.6% in the 3rd quarter. Geneva Partners LLC now owns 2,224 shares of the semiconductor company’s stock worth $1,394,000 after acquiring an additional 905 shares during the period. Finally, Sage Mountain Advisors LLC boosted its stake in shares of Lam Research by 13.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 502 shares of the semiconductor company’s stock valued at $315,000 after buying an additional 59 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the sale, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the sale, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the sale, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. Insiders sold 7,089 shares of company stock worth $6,614,781 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LRCX has been the topic of several research reports. Mizuho upped their price target on Lam Research from $935.00 to $960.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1,100.00 price target on shares of Lam Research in a research report on Thursday, April 25th. Barclays raised their price target on Lam Research from $825.00 to $865.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Evercore ISI started coverage on shares of Lam Research in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $1,030.00 price target on shares of Lam Research in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $950.85.

Lam Research Stock Performance

Lam Research stock traded up $24.85 during trading hours on Friday, reaching $908.53. 875,385 shares of the company were exchanged, compared to its average volume of 1,105,338. The firm has a market cap of $119.11 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.74 and a beta of 1.51. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $941.31 and a 200 day moving average of $817.83. Lam Research Co. has a 12 month low of $507.19 and a 12 month high of $1,007.39.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.53. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business earned $6.99 earnings per share. Lam Research’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Lam Research Co. will post 29.62 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.88%. Lam Research’s payout ratio is 29.42%.

Lam Research 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.