Security National Bank of SO Dak Invests $477,000 in Lam Research Co. (NASDAQ:LRCX)

Security National Bank of SO Dak purchased a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,610 shares of the semiconductor company’s stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Brookstone Capital Management lifted its holdings in shares of Lam Research by 339.3% during the fourth quarter. Brookstone Capital Management now owns 18,762 shares of the semiconductor company’s stock worth $1,355,000 after purchasing an additional 14,491 shares during the period. One Charles Private Wealth Services LLC raised its position in 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 buying an additional 3,576 shares during the last quarter. Claro Advisors LLC lifted its stake in shares of Lam Research by 483.3% in the 4th quarter. Claro Advisors LLC now owns 3,074 shares of the semiconductor company’s stock worth $222,000 after acquiring an additional 2,547 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at about $376,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Lam Research by 972.6% in the fourth quarter. AdvisorNet Financial Inc now owns 6,618 shares of the semiconductor company’s stock valued at $478,000 after acquiring an additional 6,001 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the transaction, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This represents a 38.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LRCX shares. Argus raised shares of Lam Research to a “strong-buy” rating in a report on Friday, April 25th. Barclays cut their target price on Lam Research from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group lifted their price target on Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 28th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.56.

Lam Research Trading Down 0.2%

Shares of LRCX stock opened at $84.79 on Friday. The company has a market capitalization of $108.46 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.47 and a beta of 1.64. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $72.13 and a 200 day moving average price of $75.43. Lam Research Co. has a twelve month low of $56.32 and a twelve 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 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 during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the business posted $7.79 earnings per share. The company’s revenue was up 24.4% on a year-over-year basis. Research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

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.