Lam Research Co. (NASDAQ:LRCX) Position Increased by Stifel Financial Corp

Stifel Financial Corp grew its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 894.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 636,359 shares of the semiconductor company's stock after acquiring an additional 572,399 shares during the quarter. Stifel Financial Corp's holdings in Lam Research were worth $45,965,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. West Oak Capital LLC raised its holdings in shares of Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Lam Research by 8.3% in the fourth quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company's stock valued at $270,000 after purchasing an additional 286 shares during the period. McLean Asset Management Corp boosted its position in Lam Research by 6.3% in the fourth quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after buying an additional 302 shares during the last quarter. Fairway Wealth LLC boosted its holdings in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 307 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Price Performance

Lam Research stock traded down $0.50 during mid-day trading on Tuesday, hitting $71.07. 1,976,652 shares of the company were exchanged, compared to its average volume of 12,083,721. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The company has a market capitalization of $91.23 billion, a P/E ratio of 21.59, a PEG ratio of 1.47 and a beta of 1.52. The business's 50 day simple moving average is $72.83 and its two-hundred day simple moving average is $75.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.29%. Lam Research's dividend payout ratio is presently 25.63%.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. TD Cowen dropped their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Oppenheimer reduced their price objective on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group upped their target price on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Finally, Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and lifted their price target for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Seven investment 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 stock. Based on data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average price target of $91.56.

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.