Laraway Financial Advisors Inc Has $657,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Laraway Financial Advisors Inc increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 889.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,100 shares of the semiconductor company's stock after acquiring an additional 8,180 shares during the period. Laraway Financial Advisors Inc's holdings in Lam Research were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LRCX. Vanguard Group Inc. lifted its position in shares of Lam Research by 892.7% during the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after purchasing an additional 108,619,564 shares during the last quarter. FMR LLC grew its holdings in Lam Research by 1,032.6% in the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after buying an additional 36,496,689 shares during the last quarter. Ameriprise Financial Inc. increased its position in Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after buying an additional 31,255,726 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lam Research by 907.1% during the fourth quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock worth $2,265,610,000 after buying an additional 28,307,499 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Lam Research during the fourth quarter worth approximately $1,661,672,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LRCX shares. Jefferies Financial Group lifted their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. B. Riley restated a "buy" rating on shares of Lam Research in a research note on Thursday, April 24th. Finally, Mizuho lifted their price target on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. 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 company. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Price Performance

Shares of LRCX stock traded down $0.18 during trading hours on Thursday, hitting $84.79. 9,033,469 shares of the company's stock were exchanged, compared to its average volume of 12,255,199. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The stock has a market cap of $108.46 billion, a price-to-earnings ratio of 25.76, 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. The stock's 50-day moving average is $71.91 and its 200-day moving average is $75.36.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the firm earned $7.79 EPS. The company's revenue was up 24.4% on a year-over-year basis. As a group, research analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

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.