3,658 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by MONECO Advisors LLC

MONECO Advisors LLC acquired a new position in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,658 shares of the semiconductor company’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Orrstown Financial Services Inc. bought a new stake in shares of Lam Research during the third quarter valued at approximately $646,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Lam Research by 109.5% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,647 shares of the semiconductor company’s stock valued at $1,348,000 after acquiring an additional 861 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in shares of Lam Research by 413.0% during the third quarter. Integrated Advisors Network LLC now owns 6,582 shares of the semiconductor company’s stock valued at $5,372,000 after acquiring an additional 5,299 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Lam Research during the third quarter valued at approximately $25,964,000. Finally, Tyche Wealth Partners LLC increased its holdings in shares of Lam Research by 37.2% during the third quarter. Tyche Wealth Partners LLC now owns 634 shares of the semiconductor company’s stock valued at $517,000 after acquiring an additional 172 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent research reports. Mizuho upped their price target on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Barclays reduced their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and upped their price objective for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.22.

Lam Research Stock Performance

Shares of LRCX opened at $80.28 on Wednesday. The stock’s 50-day simple moving average is $78.62 and its 200 day simple moving average is $78.11. The stock has a market capitalization of $103.06 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. 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 52-week low of $68.87 and a 52-week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Research analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal 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 issued 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 yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is 27.96%.

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.