Security National Bank of Sioux City Iowa IA Makes New $528,000 Investment in Lam Research Co. (NASDAQ:LRCX)

Security National Bank of Sioux City Iowa IA purchased a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,307 shares of the semiconductor company’s stock, valued at approximately $528,000.

Other institutional investors have also modified their holdings of the company. Fairway Wealth LLC raised its holdings in Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 306 shares during the period. Financial Perspectives Inc increased its position in shares of Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 309 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. West Paces Advisors Inc. purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Lam Research in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LRCX shares. Morgan Stanley boosted their target price on Lam Research from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on Lam Research from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 target price on shares of Lam Research in a research note on Thursday, April 24th. B. Riley reaffirmed a “buy” rating on shares of Lam Research in a research report on Thursday, April 24th. Finally, Barclays cut their price target on shares of Lam Research from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Lam Research Trading Down 0.2%

NASDAQ:LRCX opened at $84.79 on Friday. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The stock has a market cap of $108.46 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a 50-day simple moving average of $72.13 and a 200-day simple moving average of $75.43.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the company posted $7.79 earnings per share. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

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.