Wade G W & Inc. Has $1.27 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Wade G W & Inc. increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 129.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,624 shares of the semiconductor company’s stock after purchasing an additional 915 shares during the period. Wade G W & Inc.’s holdings in Lam Research were worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Arlington Trust Co LLC lifted its position 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 valued at $143,000 after acquiring an additional 13 shares during the period. Capital Performance Advisors LLP lifted its holdings in shares of Lam Research by 2.2% in the fourth quarter. Capital Performance Advisors LLP now owns 613 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 13 shares in the last quarter. Van Leeuwen & Company LLC boosted its position in shares of Lam Research by 0.5% during the fourth quarter. Van Leeuwen & Company LLC now owns 2,583 shares of the semiconductor company’s stock valued at $2,023,000 after buying an additional 13 shares during the last quarter. CNB Bank grew its holdings in Lam Research by 1.4% during the fourth quarter. CNB Bank now owns 1,032 shares of the semiconductor company’s stock worth $808,000 after buying an additional 14 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in Lam Research by 4.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 15 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider George M. Schisler sold 400 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $908.21, for a total value of $363,284.00. Following the sale, the insider now owns 5,661 shares in the company, valued at $5,141,376.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lam Research news, insider George M. Schisler sold 400 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $908.21, for a total value of $363,284.00. Following the completion of the transaction, the insider now owns 5,661 shares of the company’s stock, valued at approximately $5,141,376.81. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,489 shares of company stock valued at $6,978,065. Company insiders own 0.32% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded up $2.74 during trading on Thursday, hitting $950.49. 238,430 shares of the company were exchanged, compared to its average volume of 1,021,932. The company has a market cap of $124.27 billion, a PE ratio of 34.86, a P/E/G ratio of 2.80 and a beta of 1.51. Lam Research Co. has a 52-week low of $559.41 and a 52-week high of $1,007.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.84. The stock has a 50 day moving average of $935.42 and a 200 day moving average of $836.76.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping the consensus estimate of $7.26 by $0.53. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $6.99 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Lam Research Co. will post 29.66 EPS for the current year.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Susquehanna reduced their target price on shares of Lam Research from $880.00 to $850.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Raymond James increased their price objective on shares of Lam Research from $850.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Mizuho boosted their target price on Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Lam Research from $900.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Barclays lifted their price target on Lam Research from $825.00 to $865.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $957.95.

Lam Research 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.