Lam Research Co. (NASDAQ:LRCX) Shares Bought by Colonial Trust Co SC

Colonial Trust Co SC increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 3,827.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296 shares of the semiconductor company’s stock after buying an additional 1,263 shares during the quarter. Colonial Trust Co SC’s holdings in Lam Research were worth $94,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Concentric Capital Strategies LP acquired a new stake in shares of Lam Research in the fourth quarter valued at $13,340,000. CoreCap Advisors LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at $150,000. Cornerstone Select Advisors LLC acquired a new stake in Lam Research during the 4th quarter worth about $1,706,000. Cresset Asset Management LLC boosted its holdings in shares of Lam Research by 189.4% during the fourth quarter. Cresset Asset Management LLC now owns 28,264 shares of the semiconductor company’s stock worth $2,046,000 after purchasing an additional 18,499 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in shares of Lam Research during the 4th quarter valued at $6,862,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of analyst reports. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Mizuho lifted their price objective on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Morgan Stanley raised their price target on shares of Lam Research from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Jefferies Financial Group upped their target price on Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 28th. Finally, KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

Lam Research Stock Performance

Shares of Lam Research stock opened at $75.43 on Friday. The firm has a fifty day moving average of $71.56 and a two-hundred day moving average of $75.19. The stock has a market capitalization of $96.48 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the firm earned $7.79 earnings per share. The business’s quarterly revenue was up 24.4% on a year-over-year basis. As a group, equities research analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

About Lam Research

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.