Everpar Advisors LLC Makes New $453,000 Investment in Lam Research Co. (NASDAQ:LRCX)

Everpar Advisors LLC acquired a new position in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 578 shares of the semiconductor company’s stock, valued at approximately $453,000.

Several other institutional investors have also recently made changes to their positions in LRCX. Valued Wealth Advisors LLC bought a new stake in Lam Research during the 4th quarter valued at approximately $30,000. Orion Capital Management LLC bought a new stake in shares of Lam Research during the third quarter valued at approximately $25,000. BluePath Capital Management LLC purchased a new position in shares of Lam Research in the third quarter worth $28,000. Asset Dedication LLC boosted its position in shares of Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 17 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new position in Lam Research during the fourth quarter valued at $38,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research reports. B. Riley upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and increased their price objective for the company from $870.00 to $1,100.00 in a research report on Friday, April 19th. JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $900.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group raised their target price on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Needham & Company LLC reiterated a “buy” rating and set a $1,030.00 price target on shares of Lam Research in a report on Thursday, April 25th. Finally, UBS Group raised their price objective on shares of Lam Research from $1,130.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $950.85.

Insider Transactions at Lam Research

In other news, insider George M. Schisler sold 400 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $908.21, for a total transaction of $363,284.00. Following the completion of the sale, the insider now owns 5,661 shares of the company’s stock, valued at $5,141,376.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Patrick J. Lord sold 60 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $921.54, for a total value of $55,292.40. Following the transaction, the executive vice president now directly owns 4,454 shares of the company’s stock, valued at $4,104,539.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider George M. Schisler sold 400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $908.21, for a total value of $363,284.00. Following the completion of the sale, the insider now owns 5,661 shares of the company’s stock, valued at $5,141,376.81. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $6,978,065 in the last three months. 0.32% of the stock is currently owned by company insiders.

Lam Research Stock Performance

NASDAQ LRCX traded down $1.63 on Wednesday, hitting $913.28. 553,936 shares of the company’s stock traded hands, compared to its average volume of 1,053,578. The firm has a market capitalization of $119.40 billion, a PE ratio of 33.59, a P/E/G ratio of 2.82 and a beta of 1.51. Lam Research Co. has a 1-year low of $512.09 and a 1-year high of $1,007.39. The firm’s 50-day moving average price is $940.71 and its two-hundred day moving average price is $824.74. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results 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 last year, the business earned $6.99 earnings per share. Lam Research’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts expect that Lam Research Co. will post 29.62 EPS for the current year.

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.