Lam Research Corporation $LRCX Shares Purchased by Vest Financial LLC

Vest Financial LLC lifted its stake in Lam Research Corporation (NASDAQ:LRCX) by 51.8% in the third quarter, HoldingsChannel reports. The fund owned 420,915 shares of the semiconductor company’s stock after purchasing an additional 143,589 shares during the quarter. Vest Financial LLC’s holdings in Lam Research were worth $56,361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Lam Research during the 2nd quarter valued at $26,000. Howard Hughes Medical Institute acquired a new position in Lam Research during the second quarter worth about $27,000. Strategic Wealth Investment Group LLC bought a new stake in Lam Research in the second quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new stake in Lam Research in the 2nd quarter valued at about $30,000. Finally, REAP Financial Group LLC bought a new position in shares of Lam Research during the 2nd quarter valued at about $31,000. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Berenberg Bank boosted their target price on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Oppenheimer set a $200.00 price target on Lam Research and gave the company an “outperform” rating in a report on Thursday, October 23rd. TD Cowen raised their price objective on Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $260.00 target price (up from $195.00) on shares of Lam Research in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $180.00 target price on shares of Lam Research in a report on Friday, January 9th. Twenty-eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $196.33.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This trade represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 50,418 shares of company stock worth $7,667,305 in the last three months. 0.31% of the stock is owned by insiders.

Lam Research Stock Performance

Lam Research stock opened at $222.41 on Wednesday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $229.57. The firm has a market capitalization of $279.35 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 2.55 and a beta of 1.77. The company’s 50-day moving average is $174.00 and its 200 day moving average is $139.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Lam Research’s revenue was up 27.7% compared to the same quarter last year. Research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Lam Research Profile

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.