WBI Investments LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

WBI Investments LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,204 shares of the semiconductor company’s stock, valued at approximately $1,243,000.

A number of other hedge funds have also recently modified their holdings of the stock. One Charles Private Wealth Services LLC raised its holdings in shares of Lam Research by 843.4% during the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 3,576 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in shares of Lam Research by 159.1% during the 4th 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. Merit Financial Group LLC raised its stake in shares of Lam Research by 1,500.0% in the 4th quarter. Merit Financial Group LLC now owns 21,664 shares of the semiconductor company’s stock valued at $1,565,000 after acquiring an additional 20,310 shares during the period. Premier Path Wealth Partners LLC lifted its position in shares of Lam Research by 760.5% during the fourth quarter. Premier Path Wealth Partners LLC now owns 3,270 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 2,890 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in Lam Research during the 4th quarter worth approximately $7,476,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

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

Lam Research Stock Down 0.4%

LRCX opened at $84.43 on Monday. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The firm’s 50-day simple moving average is $72.35 and its 200-day simple moving average is $75.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm has a market cap of $108.00 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating 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 company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the business posted $7.79 EPS. Lam Research’s revenue was up 24.4% on a year-over-year basis. Equities research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Argus upgraded shares of Lam Research to a “strong-buy” rating in a research report on Friday, April 25th. Mizuho increased their target price on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. TD Cowen decreased their price target on Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their price target for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Barclays decreased their price objective on shares of Lam Research from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $91.56.

Lam Research Company 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.