Pure Financial Advisors LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Pure Financial Advisors LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCXFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 292 shares of the semiconductor company’s stock, valued at approximately $229,000.

Several other institutional investors have also modified their holdings of LRCX. Baird Financial Group Inc. increased its stake in Lam Research by 11.5% in the first quarter. Baird Financial Group Inc. now owns 39,514 shares of the semiconductor company’s stock valued at $21,243,000 after purchasing an additional 4,090 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Lam Research by 39.1% in the 1st quarter. Zions Bancorporation N.A. now owns 281 shares of the semiconductor company’s stock valued at $151,000 after buying an additional 79 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Lam Research by 18.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 721 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 114 shares in the last quarter. Covestor Ltd lifted its position in Lam Research by 51.9% in the first quarter. Covestor Ltd now owns 322 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 110 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Lam Research by 11.8% in the first quarter. Mackenzie Financial Corp now owns 233,280 shares of the semiconductor company’s stock valued at $125,414,000 after acquiring an additional 24,636 shares in the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $768.75, for a total value of $678,037.50. Following the sale, the director now directly owns 11,604 shares of the company’s stock, valued at approximately $8,920,575. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $768.75, for a total value of $678,037.50. Following the sale, the director now owns 11,604 shares of the company’s stock, valued at approximately $8,920,575. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy Archer sold 10,524 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $732.00, for a total value of $7,703,568.00. Following the transaction, the chief executive officer now directly owns 86,449 shares of the company’s stock, valued at approximately $63,280,668. The disclosure for this sale can be found here. Insiders sold a total of 14,395 shares of company stock worth $10,593,331 over the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays boosted their target price on Lam Research from $750.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Morgan Stanley lowered shares of Lam Research from an “overweight” rating to an “equal weight” rating and set a $720.00 target price on the stock. in a research report on Friday, December 8th. Raymond James upped their price target on shares of Lam Research from $850.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Stifel Nicolaus raised their price objective on shares of Lam Research from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, TD Cowen upped their target price on shares of Lam Research from $710.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $811.68.

Check Out Our Latest Analysis on LRCX

Lam Research Stock Performance

Shares of LRCX opened at $910.09 on Friday. The company has a market capitalization of $119.31 billion, a PE ratio of 35.19, a P/E/G ratio of 3.30 and a beta of 1.51. Lam Research Co. has a 52-week low of $478.77 and a 52-week high of $1,007.39. The company has a 50-day simple moving average of $875.14 and a 200-day simple moving average of $747.66. 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:LRCXGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.06 by $0.46. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.71 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The company’s revenue for the quarter was down 28.8% on a year-over-year basis. During the same period last year, the firm earned $10.71 EPS. Equities research analysts predict that Lam Research Co. will post 28.88 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.88%. The ex-dividend date is Tuesday, March 12th. Lam Research’s dividend payout ratio (DPR) is 30.94%.

Lam Research Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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