TRUE Private Wealth Advisors Has $296,000 Position in Lam Research Co. (NASDAQ:LRCX)

TRUE Private Wealth Advisors boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 378 shares of the semiconductor company’s stock after purchasing an additional 15 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Lam Research were worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Lam Research during the third quarter worth $25,000. BluePath Capital Management LLC acquired a new position in Lam Research during the third quarter worth $28,000. OFI Invest Asset Management acquired a new position in Lam Research during the third quarter worth $30,000. Asset Dedication LLC raised its stake in Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 17 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in Lam Research during the fourth quarter worth $30,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LRCX shares. Mizuho increased their price objective on Lam Research from $900.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Wells Fargo & Company increased their target price on Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Evercore ISI initiated coverage on Lam Research in a report on Tuesday. They set an “outperform” rating and a $1,200.00 target price on the stock. UBS Group increased their target price on Lam Research from $885.00 to $1,130.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Raymond James increased their target price on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $881.45.

Lam Research Price Performance

Shares of LRCX opened at $912.26 on Thursday. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. Lam Research Co. has a 1 year low of $482.74 and a 1 year high of $1,007.39. The stock has a market cap of $119.60 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 3.49 and a beta of 1.51. The stock’s 50-day moving average price is $945.78 and its two-hundred day moving average price is $797.54.

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

Lam Research Dividend Announcement

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

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $20,380,648.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is available at the SEC website. Also, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,029 shares of company stock worth $6,559,489. Insiders own 0.32% of the company’s stock.

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.