Certuity LLC Grows Position in Lam Research Co. (NASDAQ:LRCX)

Certuity LLC lifted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 106.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,693 shares of the semiconductor company's stock after purchasing an additional 872 shares during the period. Certuity LLC's holdings in Lam Research were worth $1,326,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Arlington Trust Co LLC raised its position in Lam Research by 7.7% in the fourth quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company's stock worth $143,000 after acquiring an additional 13 shares during the period. CNB Bank raised its position in Lam Research by 1.4% in the fourth quarter. CNB Bank now owns 1,032 shares of the semiconductor company's stock worth $808,000 after acquiring an additional 14 shares during the period. TRUE Private Wealth Advisors raised its position in Lam Research by 4.1% in the fourth quarter. TRUE Private Wealth Advisors now owns 378 shares of the semiconductor company's stock worth $296,000 after acquiring an additional 15 shares during the period. Clear Creek Financial Management LLC raised its position in Lam Research by 1.3% in the third quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company's stock worth $841,000 after acquiring an additional 17 shares during the period. Finally, Asset Dedication LLC raised its position in Lam Research by 56.7% in the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 17 shares during the period. 84.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the 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 transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 22,095 shares of the company's stock, valued at approximately $20,380,648.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the sale, the director now directly owns 10,541 shares in the company, valued at $10,246,168.23. The disclosure for this sale can be found here. Insiders sold a total of 7,089 shares of company stock worth $6,614,781 in the last three months. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on LRCX. StockNews.com raised shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Friday. Mizuho boosted their price objective on shares of Lam Research from $935.00 to $960.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $1,100.00 price objective on shares of Lam Research in a research note on Thursday, April 25th. TD Cowen boosted their price objective on shares of Lam Research from $975.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Lam Research from $930.00 to $980.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $950.85.

Lam Research Trading Down 3.7 %

NASDAQ:LRCX traded down $34.40 during midday trading on Tuesday, reaching $894.41. 972,773 shares of the stock traded hands, compared to its average volume of 1,072,245. The company has a fifty day moving average of $943.60 and a 200 day moving average of $815.20. Lam Research Co. has a 12 month low of $507.19 and a 12 month high of $1,007.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82. The stock has a market capitalization of $117.26 billion, a P/E ratio of 32.89, a PEG ratio of 2.88 and a beta of 1.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping the consensus estimate of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $6.99 EPS. The company's revenue for the quarter was down 2.0% on a year-over-year basis. On average, research analysts predict that Lam Research Co. will post 29.54 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.89%. Lam Research's payout ratio is 29.42%.

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.