Lam Research Co. (NASDAQ:LRCX) is FourThought Financial Partners LLC’s 5th Largest Position

FourThought Financial Partners LLC lessened its position in shares of Lam Research Co. (NASDAQ:LRCX) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,031 shares of the semiconductor company’s stock after selling 128 shares during the quarter. Lam Research comprises 2.0% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 5th biggest holding. FourThought Financial Partners LLC’s holdings in Lam Research were worth $15,689,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Arlington Trust Co LLC boosted its stake in Lam Research by 7.7% in the 4th quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 13 shares during the period. CNB Bank boosted its position in shares of Lam Research by 1.4% in 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 during the period. TRUE Private Wealth Advisors grew its holdings in shares of Lam Research by 4.1% during the fourth 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 in the last quarter. Asset Dedication LLC raised its position in Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 17 shares during the period. Finally, Western Financial Corp CA lifted its stake in Lam Research by 1.7% in the 4th quarter. Western Financial Corp CA now owns 1,003 shares of the semiconductor company’s stock worth $786,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling

In other news, EVP Patrick J. Lord sold 60 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was 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 of the company’s stock, valued at approximately $4,104,539.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was 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 directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 4,454 shares of the company’s stock, valued at approximately $4,104,539.16. The disclosure for this sale can be found here. Insiders sold 7,089 shares of company stock valued at $6,614,781 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $1,100.00 price objective on shares of Lam Research in a research report on Thursday, April 25th. Susquehanna lowered their price target on Lam Research from $880.00 to $850.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Citigroup increased their price objective on Lam Research from $975.00 to $1,025.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. TD Cowen lifted their target price on shares of Lam Research from $975.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lam Research from $900.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $950.85.

Lam Research Stock Performance

NASDAQ LRCX traded up $24.85 during midday trading on Friday, hitting $908.53. The company had a trading volume of 875,385 shares, compared to its average volume of 1,105,338. The firm has a fifty day simple moving average of $941.31 and a two-hundred day simple moving average of $817.83. The stock has a market cap of $119.11 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.74 and a beta of 1.51. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. Lam Research Co. has a fifty-two week low of $507.19 and a fifty-two week high of $1,007.39.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.26 by $0.53. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $6.99 earnings per share. Equities analysts forecast that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

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.