Laird Norton Wetherby Wealth Management LLC Purchases 24,393 Shares of Lam Research Co. (NASDAQ:LRCX)

Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 833.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,321 shares of the semiconductor company's stock after buying an additional 24,393 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Lam Research were worth $1,973,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Securities dropped their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Oppenheimer decreased their target price on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Argus raised Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the company a "hold" rating in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm'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 value of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

Lam Research Price Performance

LRCX stock traded down $0.36 during trading on Friday, reaching $84.43. 10,088,878 shares of the company were exchanged, compared to its average volume of 12,267,012. The company has a 50-day moving average of $72.13 and a two-hundred day moving average of $75.43. The company has a market capitalization of $108.00 billion, a price-to-earnings ratio of 25.65, a P/E/G 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 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 posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping 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 business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the company earned $7.79 EPS. The firm's revenue was up 24.4% compared to the same quarter last year. As a group, equities analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

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.