Coldstream Capital Management Inc. Purchases 69,782 Shares of Lam Research Co. (NASDAQ:LRCX)

Coldstream Capital Management Inc. increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 725.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,404 shares of the semiconductor company's stock after purchasing an additional 69,782 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Lam Research were worth $5,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Perspectives Inc grew its position in shares of Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the period. Fairway Wealth LLC increased its position in shares of Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc increased its stake in Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after buying an additional 343 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, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

LRCX has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and lifted their price objective for the company from $75.00 to $125.00 in a report on Thursday, February 20th. TD Securities reduced their price target on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Barclays cut their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded up $0.81 during trading on Wednesday, reaching $71.71. The stock had a trading volume of 7,129,375 shares, compared to its average volume of 12,117,729. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The firm has a market capitalization of $92.05 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.47 and a beta of 1.52. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $72.46 and a two-hundred day simple moving average of $75.27.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results 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. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter last year, the company earned $7.79 earnings per share. The firm's revenue was up 24.4% on a year-over-year basis. As a group, analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, March 5th. Lam Research's payout ratio is 25.63%.

About Lam Research

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.