Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Geller Advisors LLC

Geller Advisors LLC boosted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 991.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,459 shares of the semiconductor company's stock after purchasing an additional 4,959 shares during the period. Geller Advisors LLC's holdings in Lam Research were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parisi Gray Wealth Management increased its holdings in shares of Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after acquiring an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY bought a new stake in Lam Research in the 4th quarter valued at $815,000. Centerpoint Advisors LLC grew its position in shares of Lam Research by 900.0% during the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 900 shares in the last quarter. Transform Wealth LLC acquired a new position in Lam Research in the 4th quarter valued at $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new stake in shares of Lam Research during the 4th quarter valued at $4,258,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded up $1.72 during mid-day trading on Tuesday, reaching $83.97. 1,742,467 shares of the company's stock were exchanged, compared to its average volume of 12,198,794. The firm has a 50-day moving average price of $71.62 and a two-hundred day moving average price of $75.23. 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 $107.41 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS 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 the consensus estimate of $4.64 billion. During the same period last year, the firm earned $7.79 EPS. The business's quarterly revenue was up 24.4% compared to the same quarter last year. Analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction that occurred 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 $16,117,560. This 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 this link. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LRCX shares. Mizuho upped their price target 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. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Needham & Company LLC lowered their price target on Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Oppenheimer reduced their price objective on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, TD Securities dropped their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $91.56.

Lam Research 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.