Lam Research Co. (NASDAQ:LRCX) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,925 shares of the semiconductor company’s stock after purchasing an additional 105 shares during the period. Motley Fool Asset Management LLC’s holdings in Lam Research were worth $3,074,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC purchased a new position in Lam Research during the fourth quarter valued at $30,000. Orion Capital Management LLC purchased a new position in Lam Research during the third quarter valued at $25,000. BluePath Capital Management LLC purchased a new position in shares of Lam Research in the third quarter worth about $28,000. Asset Dedication LLC lifted its stake in shares of Lam Research by 56.7% in the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after buying an additional 17 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in shares of Lam Research in the fourth quarter worth about $38,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LRCX shares. Wells Fargo & Company raised their price target on shares of Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. UBS Group raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Lam Research from $900.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays raised their price target on shares of Lam Research from $825.00 to $865.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Mizuho lifted their target price on shares of Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $950.85.

Lam Research Trading Up 1.9 %

Shares of LRCX traded up $16.58 during trading on Thursday, reaching $901.47. 1,306,880 shares of the company traded hands, compared to its average volume of 1,071,539. Lam Research Co. has a twelve month low of $493.42 and a twelve month high of $1,007.39. The stock has a market cap of $118.18 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 3.21 and a beta of 1.51. The stock has a 50-day simple moving average of $943.68 and a 200-day simple moving average of $807.04. The company has a quick ratio of 2.02, a current ratio of 3.06 and a debt-to-equity ratio of 0.61.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.26 by $0.53. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.99 earnings per share. On average, analysts anticipate that Lam Research Co. will post 28.96 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s dividend payout ratio (DPR) is currently 30.94%.

Insider Activity at Lam Research

In related news, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $628,903.41. Following the completion of the transaction, the chief accounting officer now owns 5,541 shares in the company, valued at $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christina Corrreia sold 647 shares of the business’s stock in a transaction that occurred on 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 approximately $5,386,018.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,029 shares of company stock worth $6,559,489. Corporate insiders own 0.32% of the company’s stock.

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.