WCG Wealth Advisors LLC raised its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 70.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,994 shares of the semiconductor company’s stock after purchasing an additional 11,191 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Lam Research were worth $4,621,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research during the 4th quarter worth approximately $25,000. Core Wealth Advisors LLC bought a new stake in shares of Lam Research in the fourth quarter valued at about $29,000. Stance Capital LLC purchased a new position in Lam Research during the 3rd quarter valued at about $26,000. Triumph Capital Management bought a new stake in shares of Lam Research in the 3rd quarter valued at about $27,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 102 shares during the period. 84.61% of the stock is owned by institutional investors.
Lam Research Stock Down 2.1%
LRCX opened at $336.41 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a twelve month low of $84.34 and a twelve month high of $346.19. The company has a market cap of $420.70 billion, a PE ratio of 63.47, a price-to-earnings-growth ratio of 2.85 and a beta of 1.85. The company has a 50-day moving average price of $271.83 and a 200 day moving average price of $226.18.
Lam Research Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is 19.62%.
Trending Headlines about Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Analyst and media coverage remains upbeat on Lam Research’s long-term outlook, with recent notes highlighting strong hedge fund/Wall Street support and meaningful upside potential as wafer fab equipment demand improves. What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?
- Positive Sentiment: Recent coverage also points to strong cash flow supporting buybacks, with roughly $4.3 billion still authorized for repurchases, which can help support per-share earnings and investor sentiment. Will Strong Cash Flows Support Lam Research’s Buyback Strategy Ahead?
- Positive Sentiment: The company’s recent earnings beat and strong revenue growth continue to reinforce the bull case, especially with AI-related semiconductor spending still supporting demand for chip equipment. Lam Research stock information
- Neutral Sentiment: An insider sale by SVP Neil J. Fernandes was disclosed, but it was executed under a pre-arranged 10b5-1 plan, so it is less likely to be viewed as a negative signal by investors. Lam Research insider trade filing
- Neutral Sentiment: Some commentary suggests the stock has already rallied strongly and is priced for a lot of optimism, which may be leading to a pause as traders await the next earnings catalyst. Why Lam Research Still Looks Like a Buy After a 300% Rally
- Negative Sentiment: The stock is slipping despite a generally favorable sector backdrop, suggesting some short-term profit-taking after recent outperformance in semiconductor names. Lam Research (LRCX) Stock Slides as Market Rises: Facts to Know Before You Trade
Wall Street Analyst Weigh In
LRCX has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. New Street Research increased their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Morgan Stanley upgraded Lam Research from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $293.00 to $331.00 in a research note on Monday, May 18th. HSBC increased their price objective on shares of Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, B. Riley Financial boosted their target price on shares of Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $303.30.
Get Our Latest Stock Analysis on LRCX
Insider Transactions at Lam Research
In related news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,839 shares of company stock valued at $8,561,667 over the last quarter. Company insiders own 0.31% of the company’s stock.
Lam Research Company Profile
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
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