3,180 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,180 shares of the semiconductor company’s stock, valued at approximately $230,000.

A number of other large investors have also recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp grew its stake in Lam Research by 896.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 922,363 shares of the semiconductor company’s stock worth $66,622,000 after purchasing an additional 829,805 shares during the period. Florida Financial Advisors LLC acquired a new stake in shares of Lam Research during the 4th quarter worth approximately $338,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Lam Research by 869.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 26,662 shares of the semiconductor company’s stock valued at $1,926,000 after acquiring an additional 23,913 shares in the last quarter. First American Trust FSB lifted its position in shares of Lam Research by 1,902.7% during the 4th quarter. First American Trust FSB now owns 30,742 shares of the semiconductor company’s stock valued at $2,221,000 after acquiring an additional 29,207 shares during the period. Finally, Zions Bancorporation N.A. boosted its stake in Lam Research by 1,057.7% during the fourth quarter. Zions Bancorporation N.A. now owns 4,191 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 3,829 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 0.4 %

NASDAQ:LRCX opened at $77.67 on Wednesday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $79.75 and its 200 day moving average is $77.31. The stock has a market capitalization of $99.70 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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%. Sell-side analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is currently 27.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LRCX. Barclays dropped their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, Susquehanna upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and boosted their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $98.06.

Insider Activity at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

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.