Madison Wealth Partners Inc Buys 5,835 Shares of Lam Research Co. (NASDAQ:LRCX)

Madison Wealth Partners Inc boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 901.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,482 shares of the semiconductor company’s stock after acquiring an additional 5,835 shares during the quarter. Madison Wealth Partners Inc’s holdings in Lam Research were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. PGGM Investments grew its stake in shares of Lam Research by 820.2% during the fourth quarter. PGGM Investments now owns 208,154 shares of the semiconductor company’s stock valued at $15,035,000 after buying an additional 185,533 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Lam Research by 662.1% during the fourth quarter. HBK Sorce Advisory LLC now owns 4,649 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 4,039 shares during the last quarter. Appaloosa LP grew its stake in shares of Lam Research by 1,150.0% during the fourth quarter. Appaloosa LP now owns 1,250,000 shares of the semiconductor company’s stock valued at $90,288,000 after buying an additional 1,150,000 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Lam Research by 962.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 666,070 shares of the semiconductor company’s stock valued at $48,057,000 after buying an additional 603,365 shares during the last quarter. Finally, Erste Asset Management GmbH grew its stake in shares of Lam Research by 924.2% during the fourth quarter. Erste Asset Management GmbH now owns 1,200,654 shares of the semiconductor company’s stock valued at $87,302,000 after buying an additional 1,083,420 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LRCX. The Goldman Sachs Group cut their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price target on shares of Lam Research in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Lam Research Stock Up 4.4 %

Shares of NASDAQ LRCX opened at $76.59 on Thursday. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a 50 day simple moving average of $79.44 and a 200-day simple moving average of $77.46. The company has a market capitalization of $98.32 billion, a P/E ratio of 23.27, a P/E/G ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.20%. Lam Research’s dividend payout ratio (DPR) is presently 27.96%.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.