Silvercrest Asset Management Group LLC Purchases 177,285 Shares of Lam Research Co. (NASDAQ:LRCX)

Silvercrest Asset Management Group LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 53,722.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,615 shares of the semiconductor company's stock after buying an additional 177,285 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Lam Research were worth $12,829,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Perspectives Inc increased its stake in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares during the period. Fairway Wealth LLC boosted 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 acquiring an additional 306 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in Lam Research during the fourth quarter worth approximately $27,000. Midwest Capital Advisors LLC bought a new position in Lam Research during the 4th quarter valued at $27,000. Finally, West Paces Advisors Inc. acquired a new position in shares of Lam Research during the 4th quarter valued at $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Argus upgraded shares of Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Needham & Company LLC dropped their target price on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Oppenheimer cut their target price on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Mizuho raised their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $91.56.

Insider Buying and Selling at Lam Research

In other 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 completion of the transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company's stock.

Lam Research Stock Down 1.8%

NASDAQ:LRCX traded down $1.50 during trading hours on Wednesday, hitting $82.79. 8,079,082 shares of the company's stock traded hands, compared to its average volume of 12,260,483. The stock's fifty day moving average price is $72.68 and its two-hundred day moving average price is $75.59. The firm has a market cap of $105.90 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.47 and a beta of 1.64. 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 twelve month low of $56.32 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued 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. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.79 EPS. On average, research analysts expect 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 will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.11%. Lam Research's dividend payout ratio is 25.63%.

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.