Fulton Bank N.A. Takes $281,000 Position in Lam Research Co. (NASDAQ:LRCX)

Fulton Bank N.A. acquired a new position in Lam Research Co. (NASDAQ:LRCX – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 669 shares of the semiconductor company’s stock, valued at approximately $281,000.

A number of other large investors also recently made changes to their positions in LRCX. Retirement Guys Formula LLC lifted its holdings in shares of Lam Research by 5.9% during the 3rd quarter. Retirement Guys Formula LLC now owns 1,272 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 71 shares in the last quarter. Continental Investors Services Inc. bought a new stake in Lam Research during the third quarter worth $256,000. Centaurus Financial Inc. raised its holdings in shares of Lam Research by 3.6% in the 3rd quarter. Centaurus Financial Inc. now owns 816 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 28 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Lam Research by 0.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 55,808 shares of the semiconductor company’s stock valued at $20,427,000 after buying an additional 168 shares during the period. Finally, Aurora Investment Counsel bought a new position in shares of Lam Research in the third quarter valued at about $1,562,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Insider Buying and Selling

In other Lam Research news, Director Abhijit Y. Talwalkar sold 880 shares of Lam Research stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $429.72, for a total transaction of $378,153.60. Following the completion of the transaction, the director now owns 14,762 shares of the company’s stock, valued at approximately $6,343,526.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Abhijit Y. Talwalkar sold 880 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $429.72, for a total transaction of $378,153.60. Following the completion of the transaction, the director now directly owns 14,762 shares in the company, valued at $6,343,526.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Richard A. Gottscho sold 3,540 shares of Lam Research stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $450.00, for a total value of $1,593,000.00. Following the sale, the executive vice president now owns 26,672 shares of the company’s stock, valued at approximately $12,002,400. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Lam Research Stock Down 1.3 %

Shares of NASDAQ LRCX opened at $508.36 on Friday. The business’s fifty day moving average price is $491.71 and its 200-day moving average price is $443.13. Lam Research Co. has a one year low of $299.59 and a one year high of $574.79. The stock has a market capitalization of $68.60 billion, a PE ratio of 13.67, a P/E/G ratio of 8.41 and a beta of 1.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.02 and a quick ratio of 1.95.

Lam Research (NASDAQ:LRCX – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The semiconductor company reported $10.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.95 by $0.76. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.08 billion. Lam Research had a net margin of 26.91% and a return on equity of 73.48%. During the same quarter in the previous year, the firm posted $8.53 earnings per share. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts anticipate that Lam Research Co. will post 33.3 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be given a $1.725 dividend. This represents a $6.90 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, March 14th. Lam Research’s dividend payout ratio (DPR) is presently 18.55%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LRCX. Mizuho upped their price target on shares of Lam Research from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. StockNews.com started coverage on shares of Lam Research in a report on Thursday. They set a “buy” rating on the stock. The Goldman Sachs Group lifted their price target on shares of Lam Research from $434.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, January 26th. Morgan Stanley raised their target price on Lam Research from $404.00 to $550.00 in a research report on Thursday, January 26th. Finally, Sanford C. Bernstein downgraded shares of Lam Research from an “outperform” rating to a “market perform” rating in a research report on Monday, March 13th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $492.10.

Lam Research Company Profile

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Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.