Coldstream Capital Management Inc. Has $7.85 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Coldstream Capital Management Inc. boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 27.5% in the third quarter, HoldingsChannel reports. The fund owned 9,622 shares of the semiconductor company’s stock after buying an additional 2,074 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Lam Research were worth $7,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Lam Research during the second quarter worth approximately $32,000. RFP Financial Group LLC lifted its position in Lam Research by 52.2% in the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock worth $37,000 after buying an additional 12 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at $40,000. MFA Wealth Advisors LLC purchased a new position in shares of Lam Research during the 2nd quarter valued at $45,000. Finally, ORG Partners LLC purchased a new stake in shares of Lam Research during the second quarter worth $65,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on LRCX shares. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Mizuho decreased their target price on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Finally, Citigroup cut their price target on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.24.

Lam Research Stock Performance

LRCX opened at $77.45 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $76.15 and its two-hundred day moving average price is $85.92. The firm has a market capitalization of $99.65 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the company posted $6.85 earnings per share. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. On average, equities analysts forecast that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.19%. Lam Research’s payout ratio is 29.74%.

Insider Activity

In other news, CAO Christina Correia sold 647 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the sale, the chief accounting officer now directly owns 4,267 shares in the company, valued at approximately $3,488,315.17. The trade was a 13.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.

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.