Avaii Wealth Management LLC Takes $222,000 Position in Lam Research Co. (NASDAQ:LRCX)

Avaii Wealth Management LLC acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 284 shares of the semiconductor company’s stock, valued at approximately $222,000.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Lam Research during the third quarter valued at about $25,000. BluePath Capital Management LLC purchased a new stake in Lam Research during the third quarter valued at about $28,000. OFI Invest Asset Management purchased a new stake in Lam Research during the third quarter valued at about $30,000. Asset Dedication LLC lifted its stake in Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 17 shares in the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in Lam Research during the fourth quarter valued at about $30,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LRCX. Deutsche Bank Aktiengesellschaft began coverage on shares of Lam Research in a research note on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price objective for the company. UBS Group upped their price objective on shares of Lam Research from $1,130.00 to $1,150.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group upped their price objective on shares of Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Evercore ISI assumed coverage on shares of Lam Research in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $950.85.

Lam Research Trading Up 0.4 %

NASDAQ:LRCX opened at $928.81 on Tuesday. The stock’s 50 day moving average price is $943.72 and its 200 day moving average price is $813.44. Lam Research Co. has a 52 week low of $507.19 and a 52 week high of $1,007.39. The company has a market capitalization of $121.77 billion, a P/E ratio of 34.16, a P/E/G ratio of 2.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company posted $6.99 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, research analysts forecast that Lam Research Co. will post 29.54 EPS for the current fiscal year.

Lam Research Dividend Announcement

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 dividend of $2.00 per share. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.86%. Lam Research’s dividend payout ratio (DPR) is presently 29.42%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christina Corrreia sold 647 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Insiders have sold a total of 7,029 shares of company stock worth $6,559,489 over the last 90 days. Insiders own 0.32% of the company’s stock.

About Lam Research

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.