Catalyst Financial Partners LLC Buys Shares of 337 Lam Research Co. (NASDAQ:LRCX)

Catalyst Financial Partners LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 337 shares of the semiconductor company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service boosted its holdings in Lam Research by 2.4% in the 4th quarter. National Pension Service now owns 258,699 shares of the semiconductor company’s stock valued at $202,629,000 after purchasing an additional 6,151 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Lam Research during the fourth quarter worth $3,381,000. Everpar Advisors LLC purchased a new stake in Lam Research in the fourth quarter valued at $453,000. Gryphon Financial Partners LLC acquired a new position in shares of Lam Research in the 4th quarter valued at $476,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Lam Research by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,722 shares of the semiconductor company’s stock worth $609,159,000 after purchasing an additional 14,902 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related news, EVP Patrick J. Lord sold 60 shares of the business’s 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 sale, the executive vice president now directly owns 4,454 shares of the company’s stock, valued at $4,104,539.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider George M. Schisler sold 400 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 5,661 shares of the company’s stock, valued at $5,141,376.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction 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. In the last quarter, insiders sold 7,489 shares of company stock worth $6,978,065. 0.32% of the stock is currently owned by insiders.

Lam Research Stock Down 0.2 %

NASDAQ:LRCX traded down $1.63 during trading hours on Wednesday, hitting $913.28. The company’s stock had a trading volume of 553,936 shares, compared to its average volume of 1,053,578. The stock has a market capitalization of $119.40 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $940.71 and a 200-day moving average of $824.74. Lam Research Co. has a 52-week low of $512.09 and a 52-week high of $1,007.39.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.53. The business 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 business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $6.99 EPS. On average, equities analysts forecast that Lam Research Co. will post 29.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LRCX shares. UBS Group increased their target price on shares of Lam Research from $1,130.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Raymond James lifted their target price on shares of Lam Research from $850.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Citigroup upped their price target on Lam Research from $975.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. TD Cowen lifted their price objective on 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, Deutsche Bank Aktiengesellschaft initiated coverage on Lam Research in a research note on Thursday, April 11th. They set a “hold” rating and a $1,000.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $950.85.

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.