Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,925 shares of the semiconductor company’s stock after buying an additional 105 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Lam Research were worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in LRCX. Blue Whale Capital LLP lifted its stake in Lam Research by 0.7% during the third quarter. Blue Whale Capital LLP now owns 112,300 shares of the semiconductor company’s stock worth $70,386,000 after purchasing an additional 800 shares during the last quarter. Everence Capital Management Inc. lifted its stake in Lam Research by 54.7% in the fourth quarter. Everence Capital Management Inc. now owns 4,073 shares of the semiconductor company’s stock valued at $3,190,000 after buying an additional 1,440 shares during the last quarter. Gradient Investments LLC lifted its stake in Lam Research by 32,411.1% in the fourth quarter. Gradient Investments LLC now owns 14,630 shares of the semiconductor company’s stock valued at $11,459,000 after buying an additional 14,585 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in Lam Research in the fourth quarter valued at $7,930,000. Finally, Treasurer of the State of North Carolina lifted its stake in Lam Research by 0.9% in the third quarter. Treasurer of the State of North Carolina now owns 63,809 shares of the semiconductor company’s stock valued at $39,994,000 after buying an additional 560 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the sale, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $628,903.41. Following the completion of the sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at approximately $5,386,018.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 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 value of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares of the company’s stock, valued at $10,246,168.23. The disclosure for this sale can be found here. Insiders sold a total of 7,029 shares of company stock worth $6,559,489 in the last three months. 0.32% of the stock is owned by insiders.

Lam Research Stock Up 1.9 %

NASDAQ LRCX traded up $16.58 during trading on Thursday, reaching $901.47. 1,306,880 shares of the company’s stock were exchanged, compared to its average volume of 1,071,539. Lam Research Co. has a fifty-two week low of $493.42 and a fifty-two week high of $1,007.39. The firm has a market capitalization of $118.18 billion, a PE ratio of 34.86, a P/E/G ratio of 3.21 and a beta of 1.51. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $943.68 and its 200-day simple moving average is $807.04.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company posted $6.99 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts predict that Lam Research Co. will post 28.96 EPS for the current year.

Lam Research Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LRCX shares. Citigroup raised their target price on Lam Research from $975.00 to $1,025.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft began coverage on shares of Lam Research in a research note on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price objective on the stock. B. Riley upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $870.00 to $1,100.00 in a research note on Friday, April 19th. Evercore ISI assumed coverage on Lam Research in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,200.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.