Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Parisi Gray Wealth Management

Parisi Gray Wealth Management raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 630 shares of the semiconductor company’s stock after acquiring an additional 30 shares during the period. Parisi Gray Wealth Management’s holdings in Lam Research were worth $494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Lam Research in the 3rd quarter valued at $25,000. Bollard Group LLC lifted its stake in shares of Lam Research by 60.0% in the 2nd quarter. Bollard Group LLC now owns 40 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 15 shares during the period. BluePath Capital Management LLC acquired a new position in shares of Lam Research in the 3rd quarter valued at $28,000. Resurgent Financial Advisors LLC acquired a new position in Lam Research during the second quarter worth $29,000. Finally, OFI Invest Asset Management acquired a new position in Lam Research during the third quarter worth $30,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Mizuho upped their price objective on shares of Lam Research from $900.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Citigroup upped their target price on shares of Lam Research from $800.00 to $975.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Morgan Stanley lowered shares of Lam Research from an “overweight” rating to an “equal weight” rating and set a $720.00 target price for the company. in a report on Friday, December 8th. Finally, Needham & Company LLC upped their target price on shares of Lam Research from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $811.68.

Insider Transactions at Lam Research

In other news, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $768.75, for a total value of $497,381.25. Following the transaction, the chief accounting officer now directly owns 5,492 shares of the company’s stock, valued at approximately $4,221,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lam Research news, CAO Christina Corrreia sold 647 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $768.75, for a total value of $497,381.25. Following the transaction, the chief accounting officer now directly owns 5,492 shares of the company’s stock, valued at approximately $4,221,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $768.75, for a total transaction of $678,037.50. Following the completion of the transaction, the director now directly owns 11,604 shares in the company, valued at $8,920,575. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,895 shares of company stock worth $15,666,586. 0.32% of the stock is currently owned by insiders.

Lam Research Stock Down 0.0 %

Lam Research stock traded down $0.36 during trading on Thursday, reaching $965.31. The stock had a trading volume of 32,107 shares, compared to its average volume of 1,063,708. Lam Research Co. has a 52-week low of $480.45 and a 52-week high of $1,007.39. The business has a 50 day moving average price of $903.24 and a 200 day moving average price of $761.16. The company has a quick ratio of 2.02, a current ratio of 3.06 and a debt-to-equity ratio of 0.61. The stock has a market cap of $126.55 billion, a PE ratio of 37.34, a P/E/G ratio of 3.44 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.06 by $0.46. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.71 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The firm’s quarterly revenue was down 28.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.71 earnings per share. On average, analysts predict that Lam Research Co. will post 28.88 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.83%. Lam Research’s dividend payout ratio is presently 30.94%.

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.