Monetary Management Group Inc. Has $3.17 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Monetary Management Group Inc. increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 908.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,835 shares of the semiconductor company’s stock after purchasing an additional 39,489 shares during the period. Lam Research makes up 0.8% of Monetary Management Group Inc.’s holdings, making the stock its 24th biggest holding. Monetary Management Group Inc.’s holdings in Lam Research were worth $3,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Parisi Gray Wealth Management boosted its stake in shares of Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY bought a new position in Lam Research in the 4th quarter valued at approximately $815,000. Centerpoint Advisors LLC lifted its stake in Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 900 shares during the last quarter. Transform Wealth LLC acquired a new stake in Lam Research in the fourth quarter valued at approximately $17,269,000. Finally, E. Ohman J or Asset Management AB bought a new stake in shares of Lam Research during the fourth quarter worth $4,258,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’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 transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Lam Research Stock Performance

LRCX stock opened at $66.43 on Friday. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $76.74 and a 200-day moving average price of $76.57. The firm has a market cap of $85.27 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.96%.

Analyst Ratings Changes

A number of brokerages have recently commented on LRCX. Barclays dropped their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Jefferies Financial Group increased their target price on Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, March 28th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, Mizuho lifted their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.59.

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.