Mosley Wealth Management Acquires 575 Shares of Lam Research Co. (NASDAQ:LRCX)

Mosley Wealth Management lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,598 shares of the semiconductor company’s stock after purchasing an additional 575 shares during the quarter. Mosley Wealth Management’s holdings in Lam Research were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of LRCX. Optimum Investment Advisors raised its holdings in shares of Lam Research by 900.0% during the fourth quarter. Optimum Investment Advisors now owns 9,280 shares of the semiconductor company’s stock valued at $670,000 after purchasing an additional 8,352 shares during the last quarter. Fox Run Management L.L.C. raised its stake in Lam Research by 732.7% during the 4th quarter. Fox Run Management L.L.C. now owns 17,378 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 15,291 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Lam Research during the 4th quarter valued at $46,206,000. Marietta Investment Partners LLC lifted its position in shares of Lam Research by 850.3% in the fourth quarter. Marietta Investment Partners LLC now owns 12,430 shares of the semiconductor company’s stock valued at $898,000 after acquiring an additional 11,122 shares in the last quarter. Finally, Umpqua Bank lifted its holdings in Lam Research by 964.6% in the 4th quarter. Umpqua Bank now owns 43,490 shares of the semiconductor company’s stock worth $3,264,000 after purchasing an additional 39,405 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on LRCX shares. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Morgan Stanley raised their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted 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. Mizuho increased their price target on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $91.00 in a research note 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.06.

Lam Research Price Performance

LRCX opened at $75.84 on Friday. The business’s 50-day moving average is $79.62 and its two-hundred day moving average is $77.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm has a market capitalization of $97.35 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. Research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.96%.

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.