Elyxium Wealth LLC Acquires 3,964 Shares of Lam Research Co. (NASDAQ:LRCX)

Elyxium Wealth LLC grew its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 561.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,670 shares of the semiconductor company's stock after acquiring an additional 3,964 shares during the quarter. Elyxium Wealth LLC's holdings in Lam Research were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. West Oak Capital LLC grew its stake in Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Lam Research by 8.3% in the fourth quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock valued at $270,000 after buying an additional 286 shares during the period. McLean Asset Management Corp lifted its holdings in shares of Lam Research by 6.3% in the fourth quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after buying an additional 302 shares during the period. Fairway Wealth LLC lifted its holdings in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock valued at $36,000 after buying an additional 307 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $0.53 during midday trading on Friday, reaching $75.43. 7,033,780 shares of the company traded hands, compared to its average volume of 12,217,311. The firm has a market cap of $96.48 billion, a PE ratio of 22.91, a PEG ratio of 1.47 and a beta of 1.64. The stock's 50-day simple moving average is $71.56 and its 200-day simple moving average is $75.19. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. 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 (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the company posted $7.79 earnings per share. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LRCX. TD Securities reduced their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Mizuho increased their price objective 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 cut Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group increased their price objective on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, March 28th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company'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 completion of the sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate 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.