Lodestar Private Asset Management LLC Sells 85 Shares of Lam Research Co. (NASDAQ:LRCX)

Lodestar Private Asset Management LLC lessened its holdings in Lam Research Co. (NASDAQ:LRCX) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 661 shares of the semiconductor company’s stock after selling 85 shares during the period. Lodestar Private Asset Management LLC’s holdings in Lam Research were worth $518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Lam Research by 117,180.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 32,822,222 shares of the semiconductor company’s stock worth $13,795,180,000 after purchasing an additional 32,794,236 shares during the last quarter. State Street Corp grew its holdings in shares of Lam Research by 1.7% during the first quarter. State Street Corp now owns 5,697,200 shares of the semiconductor company’s stock worth $3,029,550,000 after purchasing an additional 92,606 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Lam Research by 0.8% during the first quarter. Geode Capital Management LLC now owns 2,542,805 shares of the semiconductor company’s stock worth $1,345,403,000 after purchasing an additional 19,280 shares during the last quarter. Morgan Stanley grew its holdings in shares of Lam Research by 3.2% during the third quarter. Morgan Stanley now owns 1,857,918 shares of the semiconductor company’s stock worth $1,164,490,000 after purchasing an additional 56,824 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Lam Research by 10.8% during the third quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company’s stock worth $1,029,386,000 after purchasing an additional 159,815 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $957.04 on Friday. The firm has a market capitalization of $125.47 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 3.50 and a beta of 1.51. The stock’s 50 day moving average is $940.04 and its 200-day moving average is $789.58. Lam Research Co. has a twelve month low of $482.74 and a twelve month high of $1,007.39. 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:LRCX) last released its quarterly 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 analyst estimates of $3.71 billion. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. Lam Research’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.71 EPS. Sell-side analysts forecast that Lam Research Co. will post 28.88 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s payout ratio is currently 30.94%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several analyst reports. Barclays upped 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. Susquehanna upped their target price on Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Citigroup upped their target price on Lam Research from $800.00 to $975.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Company upped their target price on Lam Research from $930.00 to $980.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Finally, Stifel Nicolaus upped their target price on Lam Research from $850.00 to $950.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $848.27.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lam Research news, CAO Christina Corrreia sold 647 shares of the company’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 transaction, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s 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 transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. In the last three months, insiders sold 7,029 shares of company stock valued at $6,559,489. 0.32% of the stock is owned by insiders.

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.