Savvy Advisors Inc. Grows Stock Position in Lam Research Co. (NASDAQ:LRCX)

Savvy Advisors Inc. boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 936.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,771 shares of the semiconductor company’s stock after purchasing an additional 3,407 shares during the quarter. Savvy Advisors Inc.’s holdings in Lam Research were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. West Oak Capital LLC lifted its stake in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 135 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Lam Research by 8.3% in the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 286 shares in the last quarter. McLean Asset Management Corp lifted its position in shares of Lam Research by 6.3% during the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company’s stock worth $370,000 after purchasing an additional 302 shares during the last quarter. Fairway Wealth LLC grew its stake in shares of Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 306 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its holdings in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 0.6 %

Shares of Lam Research stock opened at $67.86 on Tuesday. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00. The company has a market cap of $87.11 billion, a P/E ratio of 20.61, a PEG ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm has a fifty day moving average of $76.21 and a two-hundred day moving average of $76.34.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LRCX. Oppenheimer lowered their price objective on Lam Research from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday. Susquehanna upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and increased their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. UBS Group reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.68.

Insiders Place Their Bets

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

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.