906 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 906 shares of the semiconductor company’s stock, valued at approximately $710,000.

Other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC acquired a new position in Lam Research during the 4th quarter worth approximately $30,000. Orion Capital Management LLC bought a new stake in Lam Research during the 3rd quarter worth approximately $25,000. BluePath Capital Management LLC bought a new stake in Lam Research during the 3rd quarter worth approximately $28,000. Asset Dedication LLC increased its holdings 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. Finally, Rakuten Securities Inc. bought a new stake in Lam Research during the 4th quarter worth approximately $38,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Up 2.7 %

Shares of LRCX stock opened at $925.37 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82. Lam Research Co. has a 52-week low of $493.42 and a 52-week high of $1,007.39. The company has a market capitalization of $121.32 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.88 and a beta of 1.51. The business’s fifty day moving average is $943.67 and its 200 day moving average is $811.51.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.53. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.99 earnings per share. On average, equities research analysts anticipate that Lam Research Co. will post 29.54 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.86%. Lam Research’s dividend payout ratio (DPR) is currently 29.42%.

Insider Activity

In other news, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the transaction, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the sale, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the completion of the sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,029 shares of company stock valued at $6,559,489. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on LRCX shares. Cantor Fitzgerald reissued a “neutral” rating and set a $1,100.00 price objective on shares of Lam Research in a report on Thursday. Evercore ISI began coverage on Lam Research in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,200.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Lam Research from $900.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday. B. Riley raised Lam Research from a “neutral” rating to a “buy” rating and upped their target price for the company from $870.00 to $1,100.00 in a report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lam Research in a report on Thursday, April 11th. They issued a “hold” rating and a $1,000.00 target price for the company. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $950.85.

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.