Wealthspire Advisors LLC Acquires 112 Shares of Lam Research Co. (NASDAQ:LRCX)

Wealthspire Advisors LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,118 shares of the semiconductor company’s stock after purchasing an additional 112 shares during the period. Wealthspire Advisors LLC’s holdings in Lam Research were worth $876,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Valued Wealth Advisors LLC bought a new stake in shares of Lam Research during the 4th quarter worth approximately $30,000. Orion Capital Management LLC bought a new stake in Lam Research during the third quarter worth $25,000. Asset Dedication LLC lifted 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 acquiring an additional 17 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Lam Research in the 4th quarter valued at about $38,000. Finally, MCF Advisors LLC increased its stake in shares of Lam Research by 860.0% during the 4th quarter. MCF Advisors LLC now owns 48 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LRCX shares. Needham & Company LLC reiterated a “buy” rating and issued a $1,030.00 target price on shares of Lam Research in a research note on Thursday, April 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1,100.00 target price on shares of Lam Research in a research note on Thursday, April 25th. Barclays increased their price target on Lam Research from $825.00 to $865.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group raised their price target on Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, May 4th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $950.85.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $21.33 during trading on Friday, hitting $928.87. 51,819 shares of the company were exchanged, compared to its average volume of 1,037,155. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. Lam Research Co. has a 1-year low of $520.66 and a 1-year high of $1,007.39. The company has a market capitalization of $121.44 billion, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. The business’s 50 day moving average is $940.52 and its 200-day moving average is $825.36.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.99 EPS. Equities analysts forecast that Lam Research Co. will post 29.62 earnings per share for the current year.

Insider Buying and Selling

In related news, insider George M. Schisler sold 400 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $908.21, for a total value of $363,284.00. Following the sale, the insider now owns 5,661 shares of the company’s stock, valued at $5,141,376.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider George M. Schisler sold 400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $908.21, for a total transaction of $363,284.00. Following the completion of the transaction, the insider now directly owns 5,661 shares in the company, valued at $5,141,376.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick J. Lord sold 60 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $921.54, for a total value of $55,292.40. Following the completion of the sale, the executive vice president now owns 4,454 shares in the company, valued at $4,104,539.16. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $6,978,065 in the last ninety days. Company 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.