National Bank of Canada FI Has $146.62 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

National Bank of Canada FI increased its position in Lam Research Co. (NASDAQ:LRCX) by 70.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 195,670 shares of the semiconductor company’s stock after purchasing an additional 80,793 shares during the period. National Bank of Canada FI’s holdings in Lam Research were worth $146,615,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LRCX. Arlington Trust Co LLC increased its holdings in Lam Research by 7.7% in the fourth quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock worth $143,000 after buying an additional 13 shares during the last quarter. CNB Bank lifted its position in shares of Lam Research by 1.4% in the fourth quarter. CNB Bank now owns 1,032 shares of the semiconductor company’s stock worth $808,000 after buying an additional 14 shares during the last quarter. TRUE Private Wealth Advisors boosted its stake in shares of Lam Research by 4.1% during the 4th quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company’s stock worth $296,000 after acquiring an additional 15 shares in the last quarter. Asset Dedication LLC increased its holdings in shares of Lam Research by 56.7% during the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 17 shares during the last quarter. Finally, Western Financial Corp CA raised its stake in shares of Lam Research by 1.7% in the 4th quarter. Western Financial Corp CA now owns 1,003 shares of the semiconductor company’s stock valued at $786,000 after acquiring an additional 17 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

NASDAQ LRCX traded up $24.85 during trading on Friday, reaching $908.53. 875,385 shares of the company traded hands, compared to its average volume of 1,105,338. Lam Research Co. has a 1-year low of $507.19 and a 1-year high of $1,007.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82. The stock’s 50 day moving average price is $941.31 and its two-hundred day moving average price is $817.83. The company has a market cap of $119.11 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.74 and a beta of 1.51.

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 analysts’ consensus estimates of $7.26 by $0.53. The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $6.99 earnings per share. As a group, analysts anticipate that Lam Research Co. will post 29.62 EPS 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 given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Tuesday, March 12th. Lam Research’s dividend payout ratio (DPR) is currently 29.42%.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred 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 directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Christina Corrreia sold 647 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the sale, the chief accounting officer now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders sold 7,089 shares of company stock valued at $6,614,781 in the last ninety days. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LRCX shares. Evercore ISI initiated coverage on shares of Lam Research in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,200.00 price objective for the company. Susquehanna lowered their price target on Lam Research from $880.00 to $850.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. TD Cowen boosted their price objective on Lam Research from $975.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. UBS Group increased their target price on Lam Research from $1,130.00 to $1,150.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Barclays lifted their price target on Lam Research from $825.00 to $865.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $950.85.

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.