Foundations Investment Advisors LLC Has $1.19 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Foundations Investment Advisors LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 329.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,427 shares of the semiconductor company’s stock after acquiring an additional 1,095 shares during the period. Foundations Investment Advisors LLC’s holdings in Lam Research were worth $1,187,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in Lam Research by 76,165.7% in the fourth quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company’s stock worth $249,099,000 after purchasing an additional 317,611 shares during the period. Cerity Partners LLC raised its stake in Lam Research by 1,125.6% during the 4th quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock worth $267,984,000 after buying an additional 314,224 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Lam Research by 106.5% during the third quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company’s stock worth $188,702,000 after acquiring an additional 155,240 shares in the last quarter. Northern Trust Corp grew its stake in Lam Research by 9.7% in the third quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock valued at $954,705,000 after acquiring an additional 134,558 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Lam Research by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company’s stock worth $2,328,358,000 after acquiring an additional 85,855 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LRCX shares. Citigroup lifted their price objective on Lam Research from $975.00 to $1,025.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Cantor Fitzgerald reissued a “neutral” rating and set a $1,100.00 price objective on shares of Lam Research in a research report on Thursday, April 25th. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Susquehanna dropped their price target on Lam Research from $880.00 to $850.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $957.95.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the transaction, the director now directly owns 10,541 shares in the company, valued at $10,246,168.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, 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 transaction of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares in the company, valued at $10,246,168.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction that occurred 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 directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock valued at $6,978,065 in the last quarter. 0.32% of the stock is currently owned by insiders.

Lam Research Stock Performance

Shares of LRCX opened at $950.00 on Friday. The company has a market cap of $124.20 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The firm has a 50-day moving average of $934.38 and a 200-day moving average of $837.50. Lam Research Co. has a one year low of $559.41 and a one year high of $1,007.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.84.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 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%. Lam Research’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $6.99 earnings per share. As a group, equities analysts forecast that Lam Research Co. will post 29.68 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.84%. Lam Research’s dividend payout ratio (DPR) is presently 29.42%.

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.