Rehmann Capital Advisory Group Increases Stake in Lam Research Co. (NASDAQ:LRCX)

Rehmann Capital Advisory Group boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 893.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,428 shares of the semiconductor company's stock after acquiring an additional 7,580 shares during the period. Rehmann Capital Advisory Group's holdings in Lam Research were worth $609,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Fairway Wealth LLC grew its holdings 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 valued at $25,000 after purchasing an additional 306 shares during the last quarter. Financial Perspectives Inc boosted its position in Lam Research by 908.8% during the fourth 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 last quarter. Atwood & Palmer Inc. bought a new stake in Lam Research in the fourth quarter worth approximately $27,000. Midwest Capital Advisors LLC bought a new position in Lam Research during the fourth quarter worth $27,000. Finally, Bell Investment Advisors Inc grew its stake in shares of 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 buying an additional 343 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 28th. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. TD Cowen dropped their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Bank of America reduced their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Morgan Stanley upped their price target on shares of Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. 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's stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $91.56.

Insider Transactions at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Trading Down 0.9 %

Shares of NASDAQ:LRCX traded down $0.64 on Tuesday, hitting $73.27. The company had a trading volume of 3,604,863 shares, compared to its average volume of 12,122,422. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The firm's 50-day simple moving average is $71.68 and its two-hundred day simple moving average is $75.17. The firm has a market capitalization of $93.72 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.79 EPS. Equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is 25.63%.

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.