J.W. Cole Advisors Inc. Purchases Shares of 311 Lam Research Co. (NASDAQ:LRCX)

J.W. Cole Advisors Inc. purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 311 shares of the semiconductor company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Orion Capital Management LLC bought a new position in Lam Research during the 3rd quarter valued at $25,000. BluePath Capital Management LLC bought a new position in Lam Research during the 3rd quarter valued at $28,000. OFI Invest Asset Management bought a new position in Lam Research during the 3rd quarter valued at $30,000. Asset Dedication LLC boosted its stake in Lam Research by 56.7% during the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 17 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in Lam Research during the 4th quarter valued at $30,000. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

LRCX has been the subject of several research reports. B. Riley raised Lam Research from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $870.00 to $1,100.00 in a research note on Friday, April 19th. JPMorgan Chase & Co. raised their price objective on Lam Research from $900.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Lam Research in a research note on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price objective for the company. Stifel Nicolaus raised their price objective on Lam Research from $950.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group raised their price objective on Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $950.85.

Insider Buying and Selling

In related news, CAO Christina Corrreia sold 647 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at $5,386,018.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Lam Research news, CAO Christina Corrreia sold 647 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the transaction, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the transaction, the director now directly owns 10,541 shares in the company, valued at $10,246,168.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,029 shares of company stock worth $6,559,489. Corporate insiders own 0.32% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $901.47 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. Lam Research Co. has a 1 year low of $493.42 and a 1 year high of $1,007.39. The business has a fifty day simple moving average of $943.68 and a 200 day simple moving average of $807.04. The firm has a market cap of $118.18 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 3.20 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.53. Lam Research had a return on equity of 45.76% and a net margin of 25.35%. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company earned $6.99 earnings per share. Lam Research’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lam Research Co. will post 28.96 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.89%. Lam Research’s dividend payout ratio is 29.42%.

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.