Aptus Capital Advisors LLC Purchases 36,745 Shares of Lam Research Co. (NASDAQ:LRCX)

Aptus Capital Advisors LLC raised its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 2,261.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,370 shares of the semiconductor company's stock after purchasing an additional 36,745 shares during the quarter. Aptus Capital Advisors LLC's holdings in Lam Research were worth $2,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LRCX. Vanguard Group Inc. raised its stake in shares of Lam Research by 892.7% during the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock valued at $8,724,498,000 after purchasing an additional 108,619,564 shares during the period. FMR LLC lifted its position in shares of Lam Research by 1,032.6% during the fourth quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock worth $2,891,453,000 after purchasing an additional 36,496,689 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lam Research by 907.1% in the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock worth $2,265,610,000 after acquiring an additional 28,307,499 shares in the last quarter. Norges Bank acquired a new stake in shares of Lam Research during the fourth quarter worth $1,661,672,000. Finally, Fisher Asset Management LLC boosted its stake in Lam Research by 892.7% in the fourth quarter. Fisher Asset Management LLC now owns 18,578,181 shares of the semiconductor company's stock valued at $1,341,902,000 after acquiring an additional 16,706,708 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LRCX. Cantor Fitzgerald reiterated an "overweight" rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, April 24th. Evercore ISI upped their price target on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Mizuho boosted their target price on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. TD Securities reduced their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, 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 report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Stock Performance

Lam Research stock traded up $0.53 during midday trading on Friday, hitting $75.43. The company's stock had a trading volume of 7,033,143 shares, compared to its average volume of 12,163,240. The company has a 50-day moving average price of $71.58 and a two-hundred day moving average price of $75.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a market cap of $96.48 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Lam Research's revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm posted $7.79 earnings per share. As a group, sell-side analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's 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 sale, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.

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.