National Wealth Management Group LLC Acquires 2,679 Shares of Lam Research Corporation $LRCX

National Wealth Management Group LLC increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,091 shares of the semiconductor company’s stock after buying an additional 2,679 shares during the period. Lam Research accounts for 1.0% of National Wealth Management Group LLC’s holdings, making the stock its 27th largest position. National Wealth Management Group LLC’s holdings in Lam Research were worth $2,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. B. Riley Wealth Advisors Inc. grew its stake in Lam Research by 1.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 80,464 shares of the semiconductor company’s stock worth $10,774,000 after purchasing an additional 1,082 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Lam Research by 1.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 205,971 shares of the semiconductor company’s stock worth $27,583,000 after acquiring an additional 3,244 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Lam Research during the third quarter worth $21,017,000. Callahan Advisors LLC raised its holdings in shares of Lam Research by 3.7% in the third quarter. Callahan Advisors LLC now owns 2,955 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 105 shares during the last quarter. Finally, Parthenon LLC bought a new position in shares of Lam Research in the third quarter valued at approximately $356,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LRCX. Dbs Bank lifted their price objective on Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $265.00 price target (up previously from $210.00) on shares of Lam Research in a research report on Thursday, January 8th. Royal Bank Of Canada set a $260.00 price objective on shares of Lam Research in a research report on Wednesday, January 14th. Morgan Stanley set a $211.00 price objective on shares of Lam Research in a report on Thursday, January 15th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $250.00 target price on shares of Lam Research in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.52.

Insider Buying and Selling at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,408 shares of company stock valued at $6,248,501 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Down 1.3%

Shares of Lam Research stock opened at $217.94 on Monday. The company has a 50-day simple moving average of $178.08 and a two-hundred day simple moving average of $141.88. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $236.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock has a market capitalization of $273.74 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 2.76 and a beta of 1.77.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s payout ratio is 22.91%.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.