Rockline Wealth Management LLC Acquires 4,883 Shares of Lam Research Corporation $LRCX

Rockline Wealth Management LLC boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,763 shares of the semiconductor company’s stock after acquiring an additional 4,883 shares during the quarter. Lam Research accounts for about 1.5% of Rockline Wealth Management LLC’s portfolio, making the stock its 16th largest position. Rockline Wealth Management LLC’s holdings in Lam Research were worth $7,467,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LRCX. Norges Bank acquired a new stake in Lam Research in the second quarter valued at $1,894,585,000. JPMorgan Chase & Co. grew its position in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after buying an additional 5,102,589 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Lam Research by 34.1% in the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after buying an additional 2,692,189 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Lam Research by 35.4% during the second quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after acquiring an additional 2,575,456 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Lam Research by 103.5% in the second quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock worth $296,833,000 after acquiring an additional 1,550,842 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $238.46 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $181.49 and its 200-day moving average is $143.70. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $239.50. The firm has a market capitalization of $299.51 billion, a price-to-earnings ratio of 52.52, a PEG ratio of 2.82 and a beta of 1.77.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BNP Paribas Exane increased their target price on shares of Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. Royal Bank Of Canada set a $260.00 price target on shares of Lam Research in a research report on Wednesday, January 14th. Citigroup reissued a “buy” rating and issued a $265.00 price objective (up from $190.00) on shares of Lam Research in a research report on Thursday, January 22nd. Finally, HSBC upped their target price on Lam Research from $127.00 to $181.00 and gave the company a “hold” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $202.81.

Insider Transactions at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the sale, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,408 shares of company stock valued at $6,248,501 in the last quarter. Company insiders own 0.31% of the company’s stock.

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.