Bell Investment Advisors Inc Buys 343 Shares of Lam Research Co. (NASDAQ:LRCX)

Bell Investment Advisors Inc increased its position in Lam Research Co. (NASDAQ:LRCX) by 836.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384 shares of the semiconductor company’s stock after purchasing an additional 343 shares during the period. Bell Investment Advisors Inc’s holdings in Lam Research were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LRCX. Sound View Wealth Advisors Group LLC lifted its stake in shares of Lam Research by 1,033.2% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 20,681 shares of the semiconductor company’s stock worth $1,494,000 after buying an additional 18,856 shares in the last quarter. Enterprise Financial Services Corp raised its holdings in Lam Research by 882.0% in the 4th quarter. Enterprise Financial Services Corp now owns 3,977 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 3,572 shares during the last quarter. Sowell Financial Services LLC bought a new position in Lam Research in the 4th quarter valued at approximately $1,383,000. BOK Financial Private Wealth Inc. boosted its stake in Lam Research by 43,200.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 433 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 432 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Lam Research by 182.0% in the 4th quarter. AlphaQuest LLC now owns 4,354 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 2,810 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 3.3 %

Lam Research stock opened at $79.01 on Monday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a market capitalization of $101.42 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.47 and a beta of 1.53. The firm has a 50 day moving average of $79.30 and a 200 day moving average of $77.68.

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

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is 27.96%.

Insider Transactions at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Barclays dropped their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Morgan Stanley boosted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group cut their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $98.22.

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.