Tilt Investment Management Holdings PBC Cuts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Tilt Investment Management Holdings PBC trimmed its stake in Lam Research Co. (NASDAQ:LRCX) by 25.3% in the 4th quarter, HoldingsChannel reports. The fund owned 535 shares of the semiconductor company’s stock after selling 181 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in Lam Research were worth $420,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Arlington Trust Co LLC boosted its stake in Lam Research by 7.7% in the fourth quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock valued at $143,000 after acquiring an additional 13 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in 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 buying an additional 15 shares during the last quarter. KB Financial Partners LLC increased its position in Lam Research by 5.9% during the 2nd quarter. KB Financial Partners LLC now owns 287 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 16 shares in the last quarter. Clear Creek Financial Management LLC increased its position in Lam Research by 1.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock valued at $841,000 after buying an additional 17 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in Lam Research by 56.7% in the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 17 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of Lam Research from $900.00 to $1,030.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup raised their price target on shares of Lam Research from $800.00 to $975.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. The Goldman Sachs Group boosted their price objective on shares of Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Raymond James upped their target price on Lam Research from $850.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Cantor Fitzgerald lifted their price target on Lam Research from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $881.45.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The disclosure for this sale can be found here. Insiders have sold a total of 7,029 shares of company stock valued at $6,559,489 in the last 90 days. 0.32% of the stock is owned by insiders.

Lam Research Price Performance

Shares of LRCX stock traded down $23.09 on Thursday, reaching $889.17. 1,395,836 shares of the company were exchanged, compared to its average volume of 1,030,676. The company has a market cap of $116.57 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 3.49 and a beta of 1.51. Lam Research Co. has a 1 year low of $482.74 and a 1 year high of $1,007.39. The business has a 50-day moving average price of $945.78 and a 200 day moving average price of $797.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $7.06 by $0.46. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The business’s revenue was down 28.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.71 earnings per share. Equities research analysts forecast that Lam Research Co. will post 28.9 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.90%. Lam Research’s payout ratio is currently 30.94%.

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.