3,519 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by Whelan Financial

Whelan Financial bought 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 (SEC). The fund bought 3,519 shares of the semiconductor company’s stock, valued at approximately $254,000.

Several other hedge funds also recently bought and sold shares of the company. One Charles Private Wealth Services LLC raised its holdings in shares of Lam Research by 843.4% during the 4th quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 3,576 shares in the last quarter. Merit Financial Group LLC increased its position in Lam Research by 1,500.0% during the fourth quarter. Merit Financial Group LLC now owns 21,664 shares of the semiconductor company’s stock worth $1,565,000 after buying an additional 20,310 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in Lam Research by 760.5% during the fourth quarter. Premier Path Wealth Partners LLC now owns 3,270 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 2,890 shares in the last quarter. Smith Salley Wealth Management acquired a new stake in shares of Lam Research in the fourth quarter worth about $207,000. Finally, Moss Adams Wealth Advisors LLC boosted its stake in shares of Lam Research by 836.5% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 2,922 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 2,610 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and raised their price objective for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Stifel Nicolaus dropped their price target on shares of Lam Research from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. UBS Group reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Jefferies Financial Group raised their target price on shares of Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 28th. Finally, Mizuho boosted their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Seven 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.56.

Lam Research Price Performance

Shares of Lam Research stock opened at $83.82 on Tuesday. The firm has a market cap of $107.22 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The firm’s 50-day simple moving average is $72.50 and its 200-day simple moving average is $75.53. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share 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 company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the previous year, the business earned $7.79 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis. As a group, research analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

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.