Little House Capital LLC Sells 28 Shares of Lam Research Co. (NASDAQ:LRCX)

Little House Capital LLC lessened its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,168 shares of the semiconductor company’s stock after selling 28 shares during the period. Little House Capital LLC’s holdings in Lam Research were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LRCX. International Assets Investment Management LLC boosted its holdings in shares of Lam Research by 76,165.7% during the 4th quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company’s stock valued at $249,099,000 after buying an additional 317,611 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Lam Research by 1,125.6% during the 4th quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock valued at $267,984,000 after buying an additional 314,224 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lam Research by 10.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company’s stock valued at $1,029,386,000 after buying an additional 159,815 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Lam Research by 106.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company’s stock valued at $188,702,000 after buying an additional 155,240 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Lam Research by 9.7% during the 3rd quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock valued at $954,705,000 after buying an additional 134,558 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, 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 completion of the transaction, the chief accounting officer now directly owns 5,541 shares in the company, valued at approximately $5,386,018.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christina Corrreia sold 647 shares of the company’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 value of $628,903.41. Following the completion of the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is owned by company insiders.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded up $23.90 during midday trading on Friday, hitting $925.37. 1,397,129 shares of the company’s stock traded hands, compared to its average volume of 1,010,097. Lam Research Co. has a 1 year low of $493.42 and a 1 year high of $1,007.39. The stock has a market capitalization of $121.32 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 3.29 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.02 and a current ratio of 2.82. The firm has a fifty day moving average of $943.67 and a 200 day moving average of $810.33.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating the consensus estimate of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm earned $6.99 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts forecast that Lam Research Co. will post 29.54 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a dividend of $2.00 per share. 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 0.86%. Lam Research’s dividend payout ratio (DPR) is presently 29.42%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent analyst reports. TD Cowen lifted their price target on Lam Research from $975.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,030.00 price target on shares of Lam Research in a research report on Thursday. Susquehanna lowered their price target on Lam Research from $880.00 to $850.00 and set a “neutral” rating for the company in a research report on Thursday. Evercore ISI initiated coverage on Lam Research in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Lam Research in a research report on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 price target for the company. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $950.85.

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.