Kolinsky Wealth Management LLC Boosts Stock Position in Lam Research Co. (NASDAQ:LRCX)

Kolinsky Wealth Management LLC grew its stake in Lam Research Co. (NASDAQ:LRCX) by 942.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,463 shares of the semiconductor company’s stock after purchasing an additional 5,843 shares during the period. Kolinsky Wealth Management LLC’s holdings in Lam Research were worth $467,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LRCX. One Charles Private Wealth Services LLC boosted its stake in shares of Lam Research by 843.4% during the 4th quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 3,576 shares in the last quarter. Merit Financial Group LLC boosted its position in Lam Research by 1,500.0% during the fourth quarter. Merit Financial Group LLC now owns 21,664 shares of the semiconductor company’s stock worth $1,565,000 after purchasing an additional 20,310 shares in the last quarter. Thrive Wealth Management LLC grew its holdings in Lam Research by 774.8% in the fourth quarter. Thrive Wealth Management LLC now owns 2,878 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 2,549 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Lam Research by 887.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,098 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 3,683 shares in the last quarter. Finally, Zhang Financial LLC raised its stake in shares of Lam Research by 962.0% during the 4th quarter. Zhang Financial LLC now owns 3,717 shares of the semiconductor company’s stock worth $268,000 after buying an additional 3,367 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at $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 is available at this hyperlink. Company insiders own 0.29% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $84.29 on Wednesday. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The company’s 50 day moving average price is $72.68 and its two-hundred day moving average price is $75.59. The firm has a market cap of $107.82 billion, a PE ratio of 25.60, a PEG ratio of 1.47 and a beta of 1.64. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period last year, the firm posted $7.79 earnings per share. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on LRCX shares. TD Securities decreased their price objective on Lam Research from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. TD Cowen decreased their target price on shares of Lam Research from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Morgan Stanley raised their price objective on Lam Research from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Finally, B. Riley reiterated a “buy” rating on shares of Lam Research in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

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.