Outlook Wealth Advisors LLC Has $514,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Outlook Wealth Advisors LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 17.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 529 shares of the semiconductor company’s stock after purchasing an additional 77 shares during the period. Outlook Wealth Advisors LLC’s holdings in Lam Research were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC grew its position in Lam Research by 7.7% during the fourth quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock worth $143,000 after buying an additional 13 shares in the last quarter. Capital Performance Advisors LLP increased its position in shares of Lam Research by 2.2% in the fourth quarter. Capital Performance Advisors LLP now owns 613 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 13 shares during the period. Van Leeuwen & Company LLC raised its stake in Lam Research by 0.5% in the fourth quarter. Van Leeuwen & Company LLC now owns 2,583 shares of the semiconductor company’s stock valued at $2,023,000 after purchasing an additional 13 shares in the last quarter. First Affirmative Financial Network lifted its position in Lam Research by 2.5% during the first quarter. First Affirmative Financial Network now owns 525 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 13 shares during the period. Finally, CNB Bank grew its stake in Lam Research by 1.4% during the fourth quarter. CNB Bank now owns 1,032 shares of the semiconductor company’s stock worth $808,000 after buying an additional 14 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

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 value of $857,330.46. Following the completion of the transaction, the director now directly owns 10,541 shares of the company’s stock, valued at approximately $10,246,168.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the 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 transaction, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the sale, the chief accounting officer now owns 5,541 shares of the company’s stock, 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 valued at $6,559,489. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LRCX has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $1,030.00 price target on shares of Lam Research in a report on Thursday. Mizuho lifted their price target on Lam Research from $935.00 to $960.00 and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald reissued a “neutral” rating and set a $1,100.00 price target on shares of Lam Research in a report on Thursday. Evercore ISI assumed coverage on Lam Research in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 price objective on the stock. Finally, Raymond James boosted their target price on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $950.85.

Lam Research Trading Up 2.7 %

Shares of NASDAQ LRCX traded up $23.90 during trading on Friday, reaching $925.37. The company had a trading volume of 1,397,129 shares, compared to its average volume of 1,010,097. Lam Research Co. has a 12 month low of $493.42 and a 12 month high of $1,007.39. The company has a quick ratio of 2.02, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The stock has a market cap of $121.32 billion, a P/E ratio of 34.03, a PEG ratio of 3.20 and a beta of 1.51. The company’s fifty day moving average price is $943.67 and its 200-day moving average price is $809.10.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating the consensus estimate of $7.26 by $0.53. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business posted $6.99 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. As a group, research analysts expect that Lam Research Co. will post 29.46 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.86%. Lam Research’s payout ratio is 29.42%.

Lam Research 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.