Focus Partners Wealth Raises Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Focus Partners Wealth lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 2,743.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 777,315 shares of the semiconductor company's stock after acquiring an additional 749,979 shares during the quarter. Focus Partners Wealth owned 0.06% of Lam Research worth $58,684,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Financial Perspectives Inc raised its holdings in Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Fairway Wealth LLC increased its holdings 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 in the last quarter. Atwood & Palmer Inc. acquired a new position in shares of Lam Research during the fourth quarter valued at about $27,000. Midwest Capital Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter valued at about $27,000. Finally, West Paces Advisors Inc. acquired a new position in shares of Lam Research during the fourth quarter valued at about $27,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

LRCX traded down $0.28 during trading on Wednesday, hitting $84.97. 8,652,236 shares of the stock were exchanged, compared to its average volume of 12,267,987. The firm has a market capitalization of $108.69 billion, a P/E ratio of 25.81, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The stock has a fifty day moving average price of $71.79 and a two-hundred day moving average price of $75.29. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

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 (EPS) for the quarter, beating analysts' consensus estimates 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%. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, April 24th. Barclays dropped their target price on Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. TD Securities dropped their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and upped their target price for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Finally, Evercore ISI upped their target price on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Seven 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.56.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business'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 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.29% of the company's stock.

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.