Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC grew its position in Lam Research Co. (NASDAQ:LRCX) by 947.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,636 shares of the semiconductor company’s stock after buying an additional 3,289 shares during the period. Coastal Bridge Advisors LLC’s holdings in Lam Research were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Diversified Trust Co boosted its position in Lam Research by 8.3% during the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 286 shares during the period. Range Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter worth approximately $286,000. Fulton Bank N.A. boosted its holdings in shares of Lam Research by 665.8% in the fourth quarter. Fulton Bank N.A. now owns 14,221 shares of the semiconductor company’s stock valued at $1,027,000 after acquiring an additional 12,364 shares in the last quarter. Farmers Trust Co. increased its stake in shares of Lam Research by 821.4% during the fourth quarter. Farmers Trust Co. now owns 2,930 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 2,612 shares during the period. Finally, Fortitude Family Office LLC boosted its stake in Lam Research by 896.7% during the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 538 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $75.24 on Thursday. The business’s 50 day moving average is $71.59 and its two-hundred day moving average is $75.16. The company has a market cap of $96.24 billion, a P/E ratio of 22.86, a P/E/G 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 Co. has a 12 month low of $56.32 and a 12 month high of $113.00.

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

Analysts Set New Price Targets

A number of analysts have recently commented on LRCX shares. Morgan Stanley boosted their price objective on Lam Research from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 24th. TD Securities reduced their price objective on shares of Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Susquehanna upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Lam Research in a report 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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.