Invenio Wealth Partners LLC Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Invenio Wealth Partners LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 929.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,925 shares of the semiconductor company’s stock after purchasing an additional 2,641 shares during the period. Invenio Wealth Partners LLC’s holdings in Lam Research were worth $211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Lam Research by 907.1% during the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company’s stock valued at $2,265,610,000 after acquiring an additional 28,307,499 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of Lam Research during the 4th quarter worth $1,471,000. National Bank of Canada FI boosted its position in Lam Research by 1,102.6% during the fourth quarter. National Bank of Canada FI now owns 2,156,852 shares of the semiconductor company’s stock valued at $155,790,000 after purchasing an additional 1,977,509 shares in the last quarter. HighPoint Advisor Group LLC grew its stake in Lam Research by 9.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 20,944 shares of the semiconductor company’s stock valued at $1,513,000 after purchasing an additional 1,802 shares during the last quarter. Finally, Meridian Investment Counsel Inc. lifted its position in shares of Lam Research by 900.0% during the fourth quarter. Meridian Investment Counsel Inc. now owns 6,720 shares of the semiconductor company’s stock valued at $485,000 after buying an additional 6,048 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $100.00 price objective on shares of Lam Research in a research note on Tuesday, February 18th. Jefferies Financial Group upped their price objective on shares of Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer started coverage on shares of Lam Research in a research note on Thursday, March 20th. They set an “outperform” rating and a $95.00 price objective for the company. Wells Fargo & Company upped their target price on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and lifted their price target for the stock 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 eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.59.

Lam Research Trading Up 0.1 %

LRCX stock opened at $72.70 on Tuesday. 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 Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company’s 50-day simple moving average is $79.35 and its 200-day simple moving average is $77.31. The firm has a market cap of $93.32 billion, a P/E ratio of 22.08, a PEG ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating 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, equities analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared 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 1.27%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.96%.

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.