Bordeaux Wealth Advisors LLC Acquires Shares of 286 Lam Research Co. (NASDAQ:LRCX)

Bordeaux Wealth Advisors LLC bought a new position in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 286 shares of the semiconductor company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valued Wealth Advisors LLC purchased a new stake in Lam Research in the 4th quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new stake in shares of Lam Research in the 3rd quarter valued at approximately $25,000. BluePath Capital Management LLC purchased a new stake in shares of Lam Research in the third quarter valued at approximately $28,000. Asset Dedication LLC grew its holdings in Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 17 shares during the period. Finally, Rakuten Securities Inc. purchased a new position in Lam Research in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other Lam Research news, EVP Patrick J. Lord sold 60 shares of Lam Research stock in a transaction on Monday, April 29th. The shares were sold at an average price of $921.54, for a total value of $55,292.40. Following the transaction, the executive vice president now owns 4,454 shares in the company, valued at approximately $4,104,539.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the sale, the director now directly owns 10,541 shares in the company, valued at $10,246,168.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick J. Lord sold 60 shares of Lam Research stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $921.54, for a total value of $55,292.40. Following the completion of the transaction, the executive vice president now directly owns 4,454 shares in the company, valued at $4,104,539.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,089 shares of company stock worth $6,614,781. 0.32% of the stock is owned by company insiders.

Lam Research Trading Up 2.8 %

LRCX stock traded up $24.85 during midday trading on Friday, hitting $908.53. The stock had a trading volume of 875,237 shares, compared to its average volume of 1,067,270. The company’s 50-day moving average price is $941.71 and its 200 day moving average price is $816.04. 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 firm has a market cap of $119.11 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 2.70 and a beta of 1.51. Lam Research Co. has a 12-month low of $507.19 and a 12-month high of $1,007.39.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $6.99 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts predict that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.88%. Lam Research’s dividend payout ratio is presently 29.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Evercore ISI began coverage on shares of Lam Research in a research report on Tuesday, April 16th. They set an “outperform” rating and a $1,200.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Lam Research from $900.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Wells Fargo & Company boosted their price target on Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. B. Riley raised Lam Research from a “neutral” rating to a “buy” rating and raised their price objective for the company from $870.00 to $1,100.00 in a research note on Friday, April 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,030.00 target price on shares of Lam Research in a research report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $950.85.

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.