Stokes Family Office LLC Sells 212 Shares of Lam Research Co. (NASDAQ:LRCX)

Stokes Family Office LLC cut its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,463 shares of the semiconductor company’s stock after selling 212 shares during the quarter. Stokes Family Office LLC’s holdings in Lam Research were worth $1,929,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Lam Research by 76,165.7% in the 4th quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company’s stock worth $249,099,000 after purchasing an additional 317,611 shares during the period. Cerity Partners LLC boosted its stake in Lam Research by 1,125.6% in the 4th quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock worth $267,984,000 after purchasing an additional 314,224 shares during the period. Canada Pension Plan Investment Board boosted its stake in Lam Research by 106.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company’s stock worth $188,702,000 after purchasing an additional 155,240 shares during the period. Northern Trust Corp boosted its stake in Lam Research by 9.7% in the 3rd quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock worth $954,705,000 after purchasing an additional 134,558 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Lam Research by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company’s stock worth $2,328,358,000 after purchasing an additional 85,855 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lam Research news, EVP Patrick J. Lord sold 60 shares of the stock in a transaction 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 sale, the executive vice president now owns 4,454 shares in the company, valued at $4,104,539.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Patrick J. Lord sold 60 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $921.54, for a total transaction of $55,292.40. Following the transaction, the executive vice president now owns 4,454 shares of the company’s stock, valued at approximately $4,104,539.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. Insiders have sold a total of 7,089 shares of company stock worth $6,614,781 over the last quarter. Company insiders own 0.32% of the company’s stock.

Lam Research Trading Up 2.8 %

LRCX stock traded up $24.85 during midday trading on Friday, reaching $908.53. The company’s stock had a trading volume of 875,237 shares, compared to its average volume of 1,067,270. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82. The stock has a fifty day simple moving average of $941.71 and a two-hundred day simple moving average of $816.04. Lam Research Co. has a 1 year low of $507.19 and a 1 year high of $1,007.39. The firm has a market capitalization of $119.11 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.70 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm posted $6.99 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that Lam Research Co. will post 29.62 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders 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 29.42%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. B. Riley upgraded Lam Research from a “neutral” rating to a “buy” rating and upped their price target for the stock from $870.00 to $1,100.00 in a research note on Friday, April 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $1,100.00 price objective on shares of Lam Research in a report on Thursday, April 25th. Wells Fargo & Company upped their price objective on Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Susquehanna decreased their price objective on Lam Research from $880.00 to $850.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,030.00 price objective on shares of Lam Research in a report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.