Goodman Advisory Group LLC Reduces Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Goodman Advisory Group LLC lessened its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 40.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,696 shares of the semiconductor company's stock after selling 1,138 shares during the period. Goodman Advisory Group LLC's holdings in Lam Research were worth $1,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Whale Capital LLP lifted its stake in shares of Lam Research by 0.7% in the third quarter. Blue Whale Capital LLP now owns 112,300 shares of the semiconductor company's stock worth $70,386,000 after buying an additional 800 shares in the last quarter. Everence Capital Management Inc. lifted its position in Lam Research by 54.7% during the fourth quarter. Everence Capital Management Inc. now owns 4,073 shares of the semiconductor company's stock valued at $3,190,000 after purchasing an additional 1,440 shares during the period. Gradient Investments LLC lifted its position in Lam Research by 32,411.1% during the fourth quarter. Gradient Investments LLC now owns 14,630 shares of the semiconductor company's stock valued at $11,459,000 after purchasing an additional 14,585 shares during the period. Contravisory Investment Management Inc. bought a new position in Lam Research during the fourth quarter valued at approximately $7,930,000. Finally, Treasurer of the State of North Carolina lifted its position in Lam Research by 0.9% during the third quarter. Treasurer of the State of North Carolina now owns 63,809 shares of the semiconductor company's stock valued at $39,994,000 after purchasing an additional 560 shares during the period. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LRCX shares. Mizuho increased their price objective on shares of Lam Research from $900.00 to $935.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Barclays upped their target price on shares of Lam Research from $750.00 to $825.00 and gave the company an "equal weight" rating in a report on Thursday, January 25th. UBS Group upped their target price on shares of Lam Research from $885.00 to $1,130.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Raymond James upped their target price on shares of Lam Research from $850.00 to $950.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Finally, Cantor Fitzgerald upped their target price on shares of Lam Research from $900.00 to $1,100.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $875.55.

Lam Research Price Performance

LRCX traded down $50.97 during trading on Wednesday, hitting $912.26. 1,668,586 shares of the company traded hands, compared to its average volume of 1,026,565. The company has a market cap of $119.60 billion, a PE ratio of 35.28, a P/E/G ratio of 3.43 and a beta of 1.51. The stock's 50-day simple moving average is $945.78 and its two-hundred day simple moving average is $797.54. Lam Research Co. has a 1 year low of $482.74 and a 1 year high of $1,007.39. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 EPS for the quarter, beating the consensus estimate of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business earned $10.71 earnings per share. Lam Research's quarterly revenue was down 28.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lam Research Co. will post 28.9 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.88%. Lam Research's dividend payout ratio (DPR) is currently 30.94%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christina Corrreia sold 647 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the sale, the chief accounting officer now owns 5,541 shares of the company's stock, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Insiders sold 7,029 shares of company stock worth $6,559,489 over the last 90 days. 0.32% of the stock is owned by insiders.

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.