6,244 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,244 shares of the semiconductor company’s stock, valued at approximately $451,000.

Several other institutional investors have also made changes to their positions in LRCX. GeoWealth Management LLC acquired a new position in shares of Lam Research in the 4th quarter valued at approximately $464,000. Goodman Advisory Group LLC increased its stake in Lam Research by 743.7% in the fourth quarter. Goodman Advisory Group LLC now owns 13,221 shares of the semiconductor company’s stock valued at $955,000 after acquiring an additional 11,654 shares during the last quarter. Commerce Bank lifted its stake in Lam Research by 859.8% during the fourth quarter. Commerce Bank now owns 74,490 shares of the semiconductor company’s stock worth $5,380,000 after purchasing an additional 66,729 shares during the last quarter. Cadence Bank boosted its holdings in shares of Lam Research by 894.4% in the 4th quarter. Cadence Bank now owns 26,241 shares of the semiconductor company’s stock valued at $1,895,000 after purchasing an additional 23,602 shares in the last quarter. Finally, Capital Group Private Client Services Inc. raised its holdings in shares of Lam Research by 571.3% during the 4th quarter. Capital Group Private Client Services Inc. now owns 28,878 shares of the semiconductor company’s stock worth $2,086,000 after buying an additional 24,576 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of Lam Research stock opened at $63.76 on Monday. The firm has a market capitalization of $81.85 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $74.79 and its 200 day simple moving average is $75.90. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, analysts anticipate that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction that occurred 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 approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and increased their price target for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Barclays cut their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Jefferies Financial Group boosted their target price on shares of Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 28th. Finally, Oppenheimer decreased their price target on shares of Lam Research from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.87.

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.