Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 899.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 293,770 shares of the semiconductor company's stock after purchasing an additional 264,391 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Lam Research were worth $21,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. McLean Asset Management Corp grew its holdings in shares of Lam Research by 6.3% during the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 302 shares during the period. Fairway Wealth LLC raised its holdings in 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. Financial Perspectives Inc lifted its position in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Lam Research by 836.6% during the fourth 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. Finally, Country Trust Bank increased its position in shares of Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of research reports. Oppenheimer decreased their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. TD Securities decreased their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Argus upgraded Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company reduced their price target on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and increased their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $83.82 on Tuesday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $107.22 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The business has a 50 day simple moving average of $72.50 and a 200-day simple moving average of $75.53.

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 firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the firm earned $7.79 earnings per share. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

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.

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