Kingswood Wealth Advisors LLC Has $560,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Kingswood Wealth Advisors LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCXFree Report) by 77.4% in the fourth quarter, Holdings Channel reports. The fund owned 715 shares of the semiconductor company’s stock after acquiring an additional 312 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Lam Research were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bollard Group LLC increased its holdings in shares of Lam Research by 60.0% during the 2nd quarter. Bollard Group LLC now owns 40 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 15 shares during the period. Horizon Family Wealth Inc. increased its stake in Lam Research by 4.2% in the second quarter. Horizon Family Wealth Inc. now owns 397 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 16 shares during the period. KB Financial Partners LLC increased its stake in Lam Research by 5.9% in the second quarter. KB Financial Partners LLC now owns 287 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 16 shares during the period. Clear Creek Financial Management LLC grew its stake in Lam Research by 1.3% during the third quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock worth $841,000 after buying an additional 17 shares during the last quarter. Finally, Asset Dedication LLC grew its stake in Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after buying an additional 17 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $768.75, for a total value of $678,037.50. Following the completion of the sale, the director now owns 11,604 shares in the company, valued at $8,920,575. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $768.75, for a total transaction of $678,037.50. Following the completion of the sale, the director now owns 11,604 shares in the company, valued at approximately $8,920,575. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. Insiders sold a total of 19,895 shares of company stock worth $15,666,586 over the last quarter. 0.32% of the stock is currently owned by insiders.

Lam Research Stock Down 0.4 %

Lam Research stock opened at $967.23 on Wednesday. The company has a market cap of $126.80 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 3.46 and a beta of 1.51. Lam Research Co. has a 1-year low of $478.77 and a 1-year high of $1,007.39. The company has a fifty day simple moving average of $899.11 and a 200 day simple moving average of $759.06. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61.

Lam Research (NASDAQ:LRCXGet Free Report) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $7.06 by $0.46. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.71 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The firm’s revenue for the quarter was down 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned $10.71 earnings per share. Research analysts anticipate that Lam Research Co. will post 28.88 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, March 12th. Lam Research’s dividend payout ratio is currently 30.94%.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lowered shares of Lam Research from a “buy” rating to a “hold” rating and upped their target price for the stock from $680.00 to $725.00 in a research report on Tuesday, December 12th. Barclays upped their target price on shares of Lam Research from $750.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Citigroup increased their price objective on shares of Lam Research from $800.00 to $975.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Mizuho increased their price objective on shares of Lam Research from $900.00 to $935.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $811.68.

Get Our Latest Stock Analysis on Lam Research

Lam Research Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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