443 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Rothschild Investment LLC

Rothschild Investment LLC purchased a new position in Lam Research Co. (NASDAQ:LRCX) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 443 shares of the semiconductor company’s stock, valued at approximately $472,000.

A number of other institutional investors also recently bought and sold shares of LRCX. DSM Capital Partners LLC acquired a new stake in Lam Research during the 4th quarter worth about $28,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in Lam Research during the second quarter worth about $32,000. Partnership Wealth Management LLC purchased a new position in Lam Research during the fourth quarter valued at approximately $33,000. RFP Financial Group LLC lifted its holdings in Lam Research by 52.2% in the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 12 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in Lam Research in the 4th quarter worth approximately $39,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In related news, CAO Christina Correia sold 647 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1,062.26, for a total value of $687,282.22. Following the completion of the transaction, the chief accounting officer now directly owns 4,914 shares in the company, valued at $5,219,945.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Christina Correia sold 647 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $1,062.26, for a total value of $687,282.22. Following the sale, the chief accounting officer now directly owns 4,914 shares in the company, valued at approximately $5,219,945.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy Archer sold 9,650 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $1,070.39, for a total transaction of $10,329,263.50. Following the transaction, the chief executive officer now directly owns 84,639 shares of the company’s stock, valued at approximately $90,596,739.21. The disclosure for this sale can be found here. Insiders sold 16,326 shares of company stock worth $17,383,715 in the last 90 days. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

LRCX has been the subject of several analyst reports. Barclays boosted their target price on shares of Lam Research from $865.00 to $900.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Wells Fargo & Company lowered their target price on shares of Lam Research from $1,100.00 to $1,000.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Raymond James lifted their price target on Lam Research from $950.00 to $1,060.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Jefferies Financial Group began coverage on Lam Research in a research report on Monday, May 13th. They set a “buy” rating and a $1,100.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lam Research from $1,100.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $1,006.10.

Lam Research Trading Up 3.0 %

Shares of Lam Research stock opened at $821.01 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.97 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $929.97 and its 200-day simple moving average is $943.74. The stock has a market cap of $107.34 billion, a P/E ratio of 30.20, a P/E/G ratio of 1.58 and a beta of 1.48. Lam Research Co. has a 1-year low of $574.42 and a 1-year high of $1,130.00.

Lam Research’s stock is scheduled to split on Thursday, October 3rd. The 10-1 split was announced on Tuesday, May 21st. The newly created shares will be payable to shareholders after the closing bell on Wednesday, October 2nd.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.58 by $0.56. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the company earned $5.98 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts predict that Lam Research Co. will post 35.2 EPS for the current fiscal year.

Lam Research announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 21st that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be paid a $2.30 dividend. This is a boost from Lam Research’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $9.20 annualized dividend and a dividend yield of 1.12%. Lam Research’s dividend payout ratio is 33.84%.

Lam Research 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.