Triad Wealth Partners LLC Takes $259,000 Position in Lam Research Co. (NASDAQ:LRCX)

Triad Wealth Partners LLC acquired a new position in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,584 shares of the semiconductor company’s stock, valued at approximately $259,000.

Several other institutional investors have also bought and sold shares of the stock. Laffer Tengler Investments Inc. lifted its holdings in Lam Research by 1,021.3% in the fourth quarter. Laffer Tengler Investments Inc. now owns 106,233 shares of the semiconductor company’s stock worth $7,673,000 after purchasing an additional 96,759 shares during the period. Glass Wealth Management Co LLC lifted its holdings in Lam Research by 973.0% in the fourth quarter. Glass Wealth Management Co LLC now owns 26,665 shares of the semiconductor company’s stock worth $1,926,000 after purchasing an additional 24,180 shares during the period. Cypress Capital Group lifted its holdings in Lam Research by 622.7% in the fourth quarter. Cypress Capital Group now owns 26,450 shares of the semiconductor company’s stock worth $1,910,000 after purchasing an additional 22,790 shares during the period. Crew Capital Management Ltd. lifted its holdings in Lam Research by 1,497.4% in the fourth quarter. Crew Capital Management Ltd. now owns 11,070 shares of the semiconductor company’s stock worth $800,000 after purchasing an additional 10,377 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Lam Research by 1,303.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,932,303 shares of the semiconductor company’s stock worth $139,570,000 after purchasing an additional 1,794,630 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LRCX shares. Mizuho upped their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Wells Fargo & Company upped their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.22.

Lam Research Price Performance

Shares of LRCX opened at $79.05 on Thursday. The company has a market capitalization of $101.47 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.47 and a beta of 1.46. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week 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 business’s 50-day moving average is $79.14 and its 200-day moving average is $77.82.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed 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 is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. Lam Research’s dividend payout ratio is currently 27.96%.

About Lam Research

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.