Main Management ETF Advisors LLC Has $514,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Main Management ETF Advisors LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 817.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,120 shares of the semiconductor company's stock after acquiring an additional 6,344 shares during the period. Main Management ETF Advisors LLC's holdings in Lam Research were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Financial Perspectives Inc boosted 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 boosted its holdings in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 306 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in Lam Research in the fourth quarter worth $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research in the fourth quarter worth $27,000. Finally, West Paces Advisors Inc. bought a new stake in Lam Research in the fourth quarter worth $27,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The shares were 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 of the company's stock, valued at $16,117,560. This represents a 38.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company's stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $0.36 during mid-day trading on Friday, hitting $84.43. The company had a trading volume of 10,088,878 shares, compared to its average volume of 12,296,335. Lam Research Co. has a 12 month low of $56.32 and a 12 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. The firm has a market cap of $108.00 billion, a P/E ratio of 25.65, a PEG ratio of 1.47 and a beta of 1.64. The business's 50-day simple moving average is $72.35 and its 200-day simple moving average is $75.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (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 firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the business posted $7.79 earnings per share. The company's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LRCX. Morgan Stanley upped their price target on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. TD Cowen decreased their price target 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. Barclays decreased their price target on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. UBS Group decreased their price target on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Mizuho upped their price target on shares of Lam Research from $87.00 to $100.00 and gave the company 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.

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.