Avalon Trust Co Boosts Stake in Lam Research Co. (NASDAQ:LRCX)

Avalon Trust Co lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 791.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 410 shares of the semiconductor company’s stock after acquiring an additional 364 shares during the quarter. Avalon Trust Co’s holdings in Lam Research were worth $30,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Seizert Capital Partners LLC boosted its stake in shares of Lam Research by 42.0% during the 3rd quarter. Seizert Capital Partners LLC now owns 9,647 shares of the semiconductor company’s stock valued at $7,873,000 after buying an additional 2,852 shares during the last quarter. Claro Advisors LLC boosted its stake in Lam Research by 151.0% during the 3rd quarter. Claro Advisors LLC now owns 527 shares of the semiconductor company’s stock valued at $430,000 after acquiring an additional 317 shares during the last quarter. Westfuller Advisors LLC acquired a new position in Lam Research during the 3rd quarter worth $764,000. Glass Wealth Management Co LLC increased its position in shares of Lam Research by 9.2% in the 3rd quarter. Glass Wealth Management Co LLC now owns 2,485 shares of the semiconductor company’s stock worth $2,028,000 after purchasing an additional 210 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its stake in shares of Lam Research by 9.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,871 shares of the semiconductor company’s stock valued at $1,527,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several research analyst reports. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Finally, KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.22.

Lam Research Trading Up 4.6 %

Shares of LRCX stock opened at $78.69 on Monday. The firm has a market capitalization of $101.01 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The stock has a fifty day moving average of $79.57 and a two-hundred day moving average of $77.39.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, research analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Lam Research’s dividend payout ratio is presently 27.96%.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

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.