Rockline Wealth Management LLC Has $7.47 Million Position in Lam Research Corporation $LRCX

Rockline Wealth Management LLC grew its stake in Lam Research Corporation (NASDAQ:LRCX) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,763 shares of the semiconductor company’s stock after purchasing an additional 4,883 shares during the quarter. Lam Research makes up approximately 1.5% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Rockline Wealth Management LLC’s holdings in Lam Research were worth $7,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Lam Research by 1.1% during the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock worth $12,713,506,000 after acquiring an additional 1,457,163 shares during the period. State Street Corp boosted its stake in Lam Research by 1.1% in the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock valued at $5,810,172,000 after purchasing an additional 629,666 shares during the period. JPMorgan Chase & Co. boosted its stake in Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Geode Capital Management LLC grew its holdings in Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after buying an additional 1,135,405 shares in the last quarter. Finally, Norges Bank bought a new position in Lam Research during the 2nd quarter worth $1,894,585,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Lam Research from $160.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Bank of America boosted their price objective on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. BNP Paribas Exane raised their target price on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Mizuho set a $220.00 price target on Lam Research and gave the company an “outperform” rating in a research note on Friday, January 9th. Finally, Citigroup restated a “buy” rating and set a $265.00 price objective (up previously from $190.00) on shares of Lam Research in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.81.

Lam Research Trading Up 7.0%

Shares of LRCX stock opened at $238.46 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $239.50. The company has a market cap of $299.51 billion, a PE ratio of 52.52, a P/E/G ratio of 2.82 and a beta of 1.77. The stock’s fifty day moving average price is $181.49 and its two-hundred day moving average price is $143.70.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio is 22.91%.

Insider Buying and Selling

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. The trade was a 44.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 41,408 shares of company stock worth $6,248,501. 0.31% of the stock is currently owned by corporate insiders.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.