Wealth Architects LLC Raises Stake in Lam Research Co. (NASDAQ:LRCX)

Wealth Architects LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 897.7% in the 4th quarter, HoldingsChannel reports. The fund owned 264,781 shares of the semiconductor company’s stock after acquiring an additional 238,241 shares during the period. Lam Research accounts for about 2.2% of Wealth Architects LLC’s portfolio, making the stock its 13th biggest holding. Wealth Architects LLC’s holdings in Lam Research were worth $19,125,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LRCX. Seizert Capital Partners LLC raised its stake in Lam Research by 42.0% in the third quarter. Seizert Capital Partners LLC now owns 9,647 shares of the semiconductor company’s stock valued at $7,873,000 after buying an additional 2,852 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of Lam Research by 151.0% in the 3rd quarter. Claro Advisors LLC now owns 527 shares of the semiconductor company’s stock valued at $430,000 after acquiring an additional 317 shares during the last quarter. Westfuller Advisors LLC acquired a new stake in shares of Lam Research during the 3rd quarter worth about $764,000. Glass Wealth Management Co LLC lifted its stake in Lam Research by 9.2% during the third quarter. Glass Wealth Management Co LLC now owns 2,485 shares of the semiconductor company’s stock worth $2,028,000 after purchasing an additional 210 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its holdings in Lam Research by 9.3% in the third quarter. Strengthening Families & Communities LLC now owns 1,871 shares of the semiconductor company’s stock valued at $1,527,000 after purchasing an additional 159 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $78.69 on Monday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a 50-day moving average price of $79.57 and a 200 day moving average price of $77.39. The company has a market cap of $101.01 billion, a P/E ratio of 23.90, a PEG ratio of 1.47 and a beta of 1.53. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

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

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Lam Research’s dividend payout ratio is presently 27.96%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LRCX. Barclays cut their price objective 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. The Goldman Sachs Group reduced their price target 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. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.22.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’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 of the company’s stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company’s stock.

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.