Tandem Capital Management Corp ADV Increases Stake in Lam Research Co. (NASDAQ:LRCX)

Tandem Capital Management Corp ADV boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 6.6% during the 4th quarter, Holdings Channel reports. The firm owned 485 shares of the semiconductor company’s stock after acquiring an additional 30 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Lam Research were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Capital Investment Advisors LLC acquired a new stake in Lam Research during the 3rd quarter worth about $410,000. Meridian Wealth Management LLC boosted its position in Lam Research by 93.3% in the third quarter. Meridian Wealth Management LLC now owns 1,620 shares of the semiconductor company’s stock valued at $1,016,000 after buying an additional 782 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Lam Research by 28.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,458 shares of the semiconductor company’s stock worth $1,541,000 after buying an additional 549 shares during the period. Strategic Blueprint LLC raised its position in Lam Research by 18.2% during the 3rd quarter. Strategic Blueprint LLC now owns 1,137 shares of the semiconductor company’s stock worth $713,000 after buying an additional 175 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in Lam Research by 5.7% during the 3rd quarter. Caprock Group LLC now owns 1,825 shares of the semiconductor company’s stock valued at $1,148,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 882 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 transaction of $857,330.46. Following the sale, the director now owns 10,541 shares of the company’s stock, valued at approximately $10,246,168.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Abhijit Y. Talwalkar sold 882 shares of the company’s 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 $857,330.46. Following the transaction, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $628,903.41. Following the completion of 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. Insiders have sold 7,029 shares of company stock worth $6,559,489 in the last ninety days. 0.32% of the stock is owned by insiders.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $16.58 during mid-day trading on Thursday, reaching $901.47. The company’s stock had a trading volume of 1,306,880 shares, compared to its average volume of 1,071,539. The stock has a 50-day moving average of $943.68 and a two-hundred day moving average of $807.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06. The stock has a market capitalization of $118.18 billion, a P/E ratio of 34.86, a P/E/G ratio of 3.21 and a beta of 1.51. Lam Research Co. has a 1-year low of $493.42 and a 1-year high of $1,007.39.

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

Lam Research Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LRCX. Mizuho raised their target price on shares of Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup raised their target price on Lam Research from $975.00 to $1,025.00 and gave the stock a “buy” rating in a report on Thursday. Barclays lifted their target price on shares of Lam Research from $825.00 to $865.00 and gave the company an “equal weight” rating in a report on Thursday. Stifel Nicolaus raised their price target on shares of Lam Research from $950.00 to $1,050.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, B. Riley upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $870.00 to $1,100.00 in a research report on Friday, April 19th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $950.85.

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.