Geneos Wealth Management Inc. Sells 26 Shares of Lam Research Co. (NASDAQ:LRCX)

Geneos Wealth Management Inc. cut its position in Lam Research Co. (NASDAQ:LRCX) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62 shares of the semiconductor company’s stock after selling 26 shares during the period. Geneos Wealth Management Inc.’s holdings in Lam Research were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LRCX. Arlington Trust Co LLC boosted its position in Lam Research by 7.7% in the 4th quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 13 shares during the period. KB Financial Partners LLC raised its stake in shares of Lam Research by 5.9% during 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 in the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of Lam Research by 1.3% in the third quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock valued at $841,000 after purchasing an additional 17 shares during the period. Asset Dedication LLC grew its stake in Lam Research by 56.7% in the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 17 shares in the last quarter. Finally, Western Financial Corp CA increased its stake in shares of Lam Research by 1.7% during the fourth quarter. Western Financial Corp CA now owns 1,003 shares of the semiconductor company’s stock valued at $786,000 after buying an additional 17 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.8 %

Shares of Lam Research stock opened at $963.23 on Wednesday. The stock has a market cap of $126.28 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 3.47 and a beta of 1.51. The firm has a fifty day moving average price of $944.50 and a 200 day moving average price of $796.73. Lam Research Co. has a 1 year low of $482.74 and a 1 year high of $1,007.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data 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 analyst estimates of $3.71 billion. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The company’s revenue was down 28.8% on a year-over-year basis. During the same quarter last year, the business posted $10.71 EPS. Equities research analysts predict that Lam Research Co. will post 28.9 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued 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 was Tuesday, March 12th. Lam Research’s payout ratio is presently 30.94%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LRCX shares. Mizuho boosted their price target on Lam Research from $900.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Cantor Fitzgerald lifted their price target on shares of Lam Research from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Needham & Company LLC increased their price objective on Lam Research from $800.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Raymond James boosted their target price on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Barclays increased their price target on Lam Research from $750.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $875.55.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, 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 directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $628,903.41. Following the completion of the transaction, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,029 shares of company stock worth $6,559,489. Corporate insiders own 0.32% of the company’s stock.

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.