Catalyst Financial Partners LLC Invests $264,000 in Lam Research Co. (NASDAQ:LRCX)

Catalyst Financial Partners LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, Holdings Channel reports. The firm bought 337 shares of the semiconductor company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. increased its position in shares of Lam Research by 1.9% in the third quarter. Brown Advisory Inc. now owns 4,357 shares of the semiconductor company’s stock worth $2,731,000 after acquiring an additional 82 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in Lam Research in the 3rd quarter valued at $621,000. BluePath Capital Management LLC purchased a new position in Lam Research in the third quarter valued at about $28,000. Chicago Partners Investment Group LLC lifted its stake in shares of Lam Research by 7.1% during the third quarter. Chicago Partners Investment Group LLC now owns 1,039 shares of the semiconductor company’s stock worth $623,000 after purchasing an additional 69 shares in the last quarter. Finally, Advisor Partners II LLC boosted its position in shares of Lam Research by 3.1% in the third quarter. Advisor Partners II LLC now owns 6,901 shares of the semiconductor company’s stock worth $4,325,000 after buying an additional 206 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $1.63 on Wednesday, reaching $913.28. 553,936 shares of the company’s stock were exchanged, compared to its average volume of 1,053,578. Lam Research Co. has a fifty-two week low of $512.09 and a fifty-two week high of $1,007.39. The business’s 50-day moving average is $940.71 and its two-hundred day moving average is $824.74. 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 firm has a market capitalization of $119.40 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.82 and a beta of 1.51.

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 firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. Lam Research’s 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 research analysts forecast that Lam Research Co. will post 29.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $900.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. B. Riley raised shares of Lam Research from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $870.00 to $1,100.00 in a research note on Friday, April 19th. Stifel Nicolaus upped their price objective on shares of Lam Research from $950.00 to $1,050.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lam Research in a research report on Thursday, April 11th. They set a “hold” rating and a $1,000.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average price target of $950.85.

Insider Buying and Selling

In other Lam Research news, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s 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 sale, the director now owns 10,541 shares in the company, valued at $10,246,168.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christina Corrreia sold 647 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 value 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 disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $6,978,065 in the last three months. 0.32% of the stock is owned by insiders.

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.