Lam Research Co. (NASDAQ:LRCX) Shares Bought by Trust Point Inc.

Trust Point Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 490.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,615 shares of the semiconductor company’s stock after purchasing an additional 3,834 shares during the period. Trust Point Inc.’s holdings in Lam Research were worth $333,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LRCX. Czech National Bank grew its holdings in Lam Research by 6.6% in the third quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock valued at $21,674,000 after purchasing an additional 1,645 shares during the period. Kesler Norman & Wride LLC acquired a new stake in Lam Research in the third quarter valued at approximately $422,000. Axiom Advisory LLC grew its holdings in Lam Research by 17.1% in the third quarter. Axiom Advisory LLC now owns 1,152 shares of the semiconductor company’s stock valued at $1,002,000 after purchasing an additional 168 shares during the period. Brookstone Capital Management grew its holdings in Lam Research by 166.8% in the third quarter. Brookstone Capital Management now owns 4,271 shares of the semiconductor company’s stock valued at $3,485,000 after purchasing an additional 2,670 shares during the period. Finally, CWM LLC grew its holdings in Lam Research by 7.3% in the third quarter. CWM LLC now owns 4,857 shares of the semiconductor company’s stock valued at $3,964,000 after purchasing an additional 332 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

NASDAQ:LRCX opened at $81.94 on Thursday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $105.18 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.34 and a beta of 1.46. The stock’s fifty day moving average is $76.32 and its two-hundred day moving average is $78.33.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities analysts expect that Lam Research Co. will post 3.69 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LRCX shares. Morgan Stanley raised their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Finally, B. Riley decreased their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Company 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.