Lam Research Co. (NASDAQ:LRCX) Shares Sold by Stokes Family Office LLC

Stokes Family Office LLC decreased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,463 shares of the semiconductor company’s stock after selling 212 shares during the quarter. Stokes Family Office LLC’s holdings in Lam Research were worth $1,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. Bordeaux Wealth Advisors LLC purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $224,000. Benjamin F. Edwards & Company Inc. raised its position in Lam Research by 21.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,714 shares of the semiconductor company’s stock valued at $5,259,000 after purchasing an additional 1,188 shares during the period. Summit Global Investments lifted its stake in Lam Research by 7.5% during the fourth quarter. Summit Global Investments now owns 1,567 shares of the semiconductor company’s stock worth $1,227,000 after purchasing an additional 110 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Lam Research by 4.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 92,936 shares of the semiconductor company’s stock worth $72,793,000 after buying an additional 4,193 shares during the period. Finally, Natixis Advisors L.P. boosted its position in shares of Lam Research by 2.5% during the fourth quarter. Natixis Advisors L.P. now owns 72,165 shares of the semiconductor company’s stock worth $56,524,000 after buying an additional 1,768 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $1,030.00 price target on shares of Lam Research in a research report on Thursday, April 25th. StockNews.com upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. UBS Group raised their price target on Lam Research from $1,130.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Citigroup lifted their target price on Lam Research from $975.00 to $1,025.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lam Research in a report on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $950.85.

Insider Transactions at Lam Research

In other news, EVP Patrick J. Lord sold 60 shares of Lam Research stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $921.54, for a total transaction of $55,292.40. Following the sale, the executive vice president now owns 4,454 shares in the company, valued at $4,104,539.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Christina Corrreia sold 647 shares of the business’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 transaction, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick J. Lord sold 60 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 4,454 shares in the company, valued at approximately $4,104,539.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,089 shares of company stock worth $6,614,781. Corporate insiders own 0.32% of the company’s stock.

Lam Research Stock Up 2.8 %

Lam Research stock traded up $24.85 during midday trading on Friday, reaching $908.53. The company’s stock had a trading volume of 875,237 shares, compared to its average volume of 1,067,270. Lam Research Co. has a fifty-two week low of $507.19 and a fifty-two week high of $1,007.39. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The company has a market cap of $119.11 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.70 and a beta of 1.51. The business has a 50-day simple moving average of $941.71 and a 200-day simple moving average of $816.04.

Lam Research (NASDAQ:LRCX) last posted its 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. 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 quarter in the previous year, the firm earned $6.99 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. On average, research analysts expect that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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