OneDigital Investment Advisors LLC Has $767,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

OneDigital Investment Advisors LLC boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 793.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,624 shares of the semiconductor company's stock after buying an additional 9,435 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Lam Research were worth $767,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Financial Perspectives Inc boosted its holdings in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares during the period. Fairway Wealth LLC raised its position in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares in the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research during the 4th quarter worth approximately $27,000. Midwest Capital Advisors LLC purchased a new stake in Lam Research in the fourth quarter valued at $27,000. Finally, Bell Investment Advisors Inc raised its position in Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Oppenheimer decreased their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and boosted their target price for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, Needham & Company LLC decreased their price objective on Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's 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 directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $0.98 during midday trading on Thursday, reaching $72.65. The company's stock had a trading volume of 4,696,704 shares, compared to its average volume of 13,191,508. The company has a 50 day moving average price of $72.18 and a 200 day moving average price of $75.25. The company has a market cap of $92.93 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company posted $7.79 EPS. On average, equities research analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.27%. The ex-dividend date was Wednesday, March 5th. Lam Research's dividend payout ratio is currently 25.63%.

About Lam Research

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.