238,334 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Transform Wealth LLC

Transform Wealth LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 238,334 shares of the semiconductor company’s stock, valued at approximately $17,269,000. Lam Research comprises about 1.0% of Transform Wealth LLC’s portfolio, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alpha Cubed Investments LLC boosted its position in Lam Research by 346.2% in the 4th quarter. Alpha Cubed Investments LLC now owns 12,680 shares of the semiconductor company’s stock worth $916,000 after purchasing an additional 9,838 shares in the last quarter. Segment Wealth Management LLC lifted its stake in shares of Lam Research by 899.0% in the 4th quarter. Segment Wealth Management LLC now owns 20,450 shares of the semiconductor company’s stock valued at $1,477,000 after purchasing an additional 18,403 shares during the period. Perpetual Ltd boosted its holdings in Lam Research by 501.4% during the fourth quarter. Perpetual Ltd now owns 9,202 shares of the semiconductor company’s stock worth $665,000 after buying an additional 7,672 shares in the last quarter. Lmcg Investments LLC acquired a new stake in Lam Research during the fourth quarter valued at $8,552,000. Finally, Trust Asset Management LLC increased its holdings in Lam Research by 900.0% in the fourth quarter. Trust Asset Management LLC now owns 15,580 shares of the semiconductor company’s stock valued at $1,125,000 after buying an additional 14,022 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LRCX. KeyCorp upgraded 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. B. Riley reduced their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Stock Performance

Shares of LRCX stock opened at $80.30 on Tuesday. The firm has a 50 day moving average of $74.81 and a two-hundred day moving average of $80.43. The stock has a market capitalization of $103.32 billion, a PE ratio of 25.95, a P/E/G ratio of 1.48 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the business posted $6.85 EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.74%.

Lam Research Company 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.