Unique Wealth Strategies LLC Purchases New Stake in Lam Research Co. (NASDAQ:LRCX)

Unique Wealth Strategies LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 969 shares of the semiconductor company’s stock, valued at approximately $759,000.

A number of other large investors have also added to or reduced their stakes in the business. Arlington Trust Co LLC grew its holdings in Lam Research by 7.7% in the 4th quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 13 shares in the last quarter. CNB Bank grew its holdings in Lam Research by 1.4% in the 4th quarter. CNB Bank now owns 1,032 shares of the semiconductor company’s stock valued at $808,000 after buying an additional 14 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in Lam Research by 4.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 15 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in Lam Research by 1.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock valued at $841,000 after buying an additional 17 shares in the last quarter. Finally, Asset Dedication LLC grew its holdings in Lam Research by 56.7% in the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 17 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LRCX shares. Evercore ISI started coverage on Lam Research in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,200.00 target price on the stock. B. Riley raised Lam Research from a “neutral” rating to a “buy” rating and increased their target price for the stock from $870.00 to $1,100.00 in a report on Friday, April 19th. Mizuho increased their target price on Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a report on Thursday. 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. Finally, Citigroup increased their target price on Lam Research from $975.00 to $1,025.00 and gave the stock a “buy” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $950.85.

Insider Buying and Selling at Lam Research

In other Lam Research news, CAO Christina Corrreia sold 647 shares of the firm’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 value 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 $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Christina Corrreia sold 647 shares of Lam Research 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 $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction that occurred 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 approximately $10,246,168.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,029 shares of company stock valued at $6,559,489. Company insiders own 0.32% of the company’s stock.

Lam Research Trading Up 2.7 %

Shares of LRCX traded up $23.90 during mid-day trading on Friday, reaching $925.37. 1,397,129 shares of the company were exchanged, compared to its average volume of 1,010,097. The business has a 50 day simple moving average of $943.67 and a two-hundred day simple moving average of $809.10. Lam Research Co. has a 52 week low of $493.42 and a 52 week high of $1,007.39. The stock has a market capitalization of $121.32 billion, a PE ratio of 34.03, a PEG ratio of 3.20 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.02 and a current ratio of 2.82.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the firm posted $6.99 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, analysts predict that Lam Research Co. will post 29.46 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.86%. 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.