Global Retirement Partners LLC boosted its position in Lam Research Co. (NASDAQ:LRCX – Free Report) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 488 shares of the semiconductor company’s stock after acquiring an additional 58 shares during the period. Global Retirement Partners LLC’s holdings in Lam Research were worth $251,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Baird Financial Group Inc. increased its stake in shares of Lam Research by 25.4% during the 4th quarter. Baird Financial Group Inc. now owns 45,921 shares of the semiconductor company’s stock worth $19,301,000 after purchasing an additional 9,291 shares during the last quarter. Edge Capital Group LLC grew its holdings in shares of Lam Research by 10.5% during the fourth quarter. Edge Capital Group LLC now owns 1,085 shares of the semiconductor company’s stock worth $456,000 after purchasing an additional 103 shares in the last quarter. CWM LLC increased its position in shares of Lam Research by 16.6% in the fourth quarter. CWM LLC now owns 2,582 shares of the semiconductor company’s stock worth $1,085,000 after purchasing an additional 367 shares during the last quarter. WD Rutherford LLC raised its stake in Lam Research by 9.1% in the first quarter. WD Rutherford LLC now owns 1,195 shares of the semiconductor company’s stock valued at $633,000 after purchasing an additional 100 shares in the last quarter. Finally, Simplicity Solutions LLC grew its stake in Lam Research by 83.1% in the 1st quarter. Simplicity Solutions LLC now owns 2,624 shares of the semiconductor company’s stock worth $1,391,000 after buying an additional 1,191 shares in the last quarter. 85.50% of the stock is owned by institutional investors.
Lam Research Trading Down 1.4 %
NASDAQ:LRCX opened at $686.05 on Thursday. The company has a market cap of $92.16 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 4.30 and a beta of 1.46. Lam Research Co. has a 12 month low of $299.59 and a 12 month high of $726.53. The company has a current ratio of 3.16, a quick ratio of 2.01 and a debt-to-equity ratio of 0.61. The company has a 50 day simple moving average of $642.28 and a two-hundred day simple moving average of $560.68.
Insider Buying and Selling at Lam Research
In other news, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $642.86, for a total transaction of $567,002.52. Following the completion of the transaction, the director now owns 12,999 shares in the company, valued at $8,356,537.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Douglas R. Bettinger sold 1,894 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $705.86, for a total value of $1,336,898.84. Following the sale, the chief financial officer now directly owns 96,713 shares of the company’s stock, valued at approximately $68,265,838.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $642.86, for a total value of $567,002.52. Following the transaction, the director now owns 12,999 shares of the company’s stock, valued at approximately $8,356,537.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,159 shares of company stock worth $12,926,580. Insiders own 0.35% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on LRCX shares. B. Riley upped their price objective on Lam Research from $500.00 to $650.00 in a report on Monday, July 17th. Jefferies Financial Group raised their price target on shares of Lam Research from $565.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, April 20th. Evercore ISI upped their price objective on shares of Lam Research from $525.00 to $540.00 and gave the company an “outperform” rating in a research note on Thursday, April 20th. Berenberg Bank lifted their price objective on Lam Research from $530.00 to $555.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Finally, Stifel Nicolaus upgraded shares of Lam Research from a “hold” rating to a “buy” rating and lifted their price target for the company from $505.00 to $725.00 in a report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $569.47.
View Our Latest Analysis on Lam Research
Lam Research 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.
Featured Stories
- Five stocks we like better than Lam Research
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- 3 Best Renewable Energy Stocks as Summer Heat Builds
- What to Know About Investing in Penny Stocks
- Kinder Morgan Shines With Dividend Yield, Cash Flow, Buybacks
- How to Evaluate a Stock Before BuyingÂ
- 3 Stocks to Buy No Matter Which Way Inflation Moves
Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX – Free Report).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.
