Bogart Wealth LLC Has $121,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

Bogart Wealth LLC trimmed its holdings in Lam Research Co. (NASDAQ:LRCX) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154 shares of the semiconductor company’s stock after selling 13 shares during the period. Bogart Wealth LLC’s holdings in Lam Research were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Lam Research by 76,165.7% during the 4th 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 in the last quarter. Cerity Partners LLC boosted its position in shares of 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 acquiring an additional 314,224 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Lam Research by 106.5% in the third quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company’s stock valued at $188,702,000 after acquiring an additional 155,240 shares during the last quarter. Northern Trust Corp lifted its stake in Lam Research by 9.7% during the third quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock worth $954,705,000 after purchasing an additional 134,558 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Lam Research by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company’s stock valued at $2,328,358,000 after purchasing an additional 85,855 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on LRCX shares. Stifel Nicolaus upped their price objective on Lam Research from $950.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. B. Riley upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and raised their price target for the company from $870.00 to $1,100.00 in a research note on Friday, April 19th. Susquehanna lowered their price objective on shares of Lam Research from $880.00 to $850.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their target price on shares of Lam Research from $900.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,030.00 price target on shares of Lam Research in a report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $950.85.

Lam Research Trading Down 0.2 %

Lam Research stock traded down $1.63 during trading hours on Wednesday, reaching $913.28. 553,936 shares of the company’s stock were exchanged, compared to its average volume of 1,053,578. The firm has a market capitalization of $119.40 billion, a PE ratio of 33.59, a PEG ratio of 2.82 and a beta of 1.51. 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’s 50 day simple moving average is $940.71 and its 200 day simple moving average is $824.74. Lam Research Co. has a twelve month low of $512.09 and a twelve month high of $1,007.39.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share 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 the consensus estimate of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $6.99 earnings per share. Research analysts predict that Lam Research Co. will post 29.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Christina Corrreia sold 647 shares of the business’s 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 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 ninety days, insiders sold 7,489 shares of company stock worth $6,978,065. 0.32% of the stock is currently owned by company 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.