Sigma Planning Corp Sells 1,276 Shares of Lam Research Co. (NASDAQ:LRCX)

Sigma Planning Corp lessened its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 66.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 638 shares of the semiconductor company's stock after selling 1,276 shares during the quarter. Sigma Planning Corp's holdings in Lam Research were worth $499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. International Assets Investment Management LLC grew its stake in Lam Research by 76,165.7% during the 4th quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company's stock worth $249,099,000 after purchasing an additional 317,611 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Lam Research by 1,125.6% during the 4th quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company's stock worth $267,984,000 after acquiring an additional 314,224 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lam Research by 10.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company's stock worth $1,029,386,000 after acquiring an additional 159,815 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Lam Research by 106.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company's stock worth $188,702,000 after acquiring an additional 155,240 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Lam Research by 9.7% during the 3rd quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company's stock worth $954,705,000 after acquiring an additional 134,558 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX traded up $23.90 during mid-day trading on Friday, hitting $925.37. The company's stock had a trading volume of 1,396,985 shares, compared to its average volume of 1,075,576. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a 50-day simple moving average of $943.68 and a 200 day simple moving average of $807.04. The firm has a market capitalization of $121.32 billion, a P/E ratio of 33.15, a P/E/G ratio of 3.20 and a beta of 1.51. Lam Research Co. has a 1-year low of $493.42 and a 1-year high of $1,007.39.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating the consensus estimate of $7.26 by $0.53. The business had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.72 billion. Lam Research had a return on equity of 45.76% and a net margin of 25.35%. The company's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $6.99 EPS. Analysts predict that Lam Research Co. will post 28.96 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.86%. Lam Research's dividend payout ratio is currently 29.42%.

Wall Street Analyst Weigh In

LRCX has been the subject of several analyst reports. Mizuho upped their price objective on Lam Research from $935.00 to $960.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group upped their price objective on Lam Research from $1,130.00 to $1,150.00 and gave the stock a "buy" rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on Lam Research from $700.00 to $912.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Susquehanna decreased their target price on Lam Research from $880.00 to $850.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on Lam Research from $900.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $950.85.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The stock was 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 directly owns 22,095 shares of the company's stock, valued at $20,380,648.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm's stock in a transaction on Monday, March 18th. The stock was 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 of the company's stock, valued at $20,380,648.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the transaction, the director now directly owns 10,541 shares of the company's stock, valued at approximately $10,246,168.23. The disclosure for this sale can be found here. Insiders sold 7,029 shares of company stock valued at $6,559,489 in the last three months. 0.32% of the stock is currently owned by company insiders.

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.