Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. raised its stake in Lam Research Co. (NASDAQ:LRCX) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 634 shares of the semiconductor company’s stock after purchasing an additional 150 shares during the period. Telos Capital Management Inc.’s holdings in Lam Research were worth $497,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LRCX. Arlington Trust Co LLC raised its stake in shares of Lam Research by 7.7% during the 4th quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock worth $143,000 after buying an additional 13 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in shares of Lam Research by 4.1% during the 4th quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company’s stock worth $296,000 after buying an additional 15 shares during the last quarter. KB Financial Partners LLC raised its stake in shares of Lam Research by 5.9% during the 2nd quarter. KB Financial Partners LLC now owns 287 shares of the semiconductor company’s stock worth $185,000 after buying an additional 16 shares during the last quarter. Clear Creek Financial Management LLC raised its stake in shares of Lam Research by 1.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock worth $841,000 after buying an additional 17 shares during the last quarter. Finally, Asset Dedication LLC increased its position in Lam Research by 56.7% during the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 17 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of LRCX stock opened at $912.26 on Thursday. The company’s fifty day simple moving average is $945.78 and its 200-day simple moving average is $797.54. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. Lam Research Co. has a 52 week low of $482.74 and a 52 week high of $1,007.39. The company has a market cap of $119.60 billion, a PE ratio of 35.28, a P/E/G ratio of 3.49 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.06 by $0.46. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the firm earned $10.71 EPS. The firm’s quarterly revenue was down 28.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Lam Research Co. will post 28.9 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.88%. Lam Research’s dividend payout ratio is currently 30.94%.

Insider Activity at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the transaction, the director now directly owns 10,541 shares of the company’s stock, valued at approximately $10,246,168.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the transaction, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The disclosure for this sale can be found here. In the last three months, insiders sold 7,029 shares of company stock worth $6,559,489. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LRCX. Deutsche Bank Aktiengesellschaft began coverage on Lam Research in a research report on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price objective for the company. Stifel Nicolaus lifted 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. UBS Group lifted their price objective on Lam Research from $885.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Evercore ISI began coverage on Lam Research in a research report on Tuesday. They set an “outperform” rating and a $1,200.00 price objective for the company. Finally, Citigroup lifted their price objective on Lam Research from $800.00 to $975.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $881.45.

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.