CreativeOne Wealth LLC Buys Shares of 13,629 Lam Research Co. (NASDAQ:LRCX)

CreativeOne Wealth LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, Holdings Channel reports. The firm purchased 13,629 shares of the semiconductor company’s stock, valued at approximately $984,000.

A number of other hedge funds also recently made changes to their positions in the business. Financial Perspectives Inc increased its position in Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 309 shares during the period. Fairway Wealth LLC increased its holdings in shares of Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the fourth quarter valued at about $27,000. Midwest Capital Advisors LLC acquired a new stake in Lam Research in the fourth quarter worth about $27,000. Finally, Bell Investment Advisors Inc grew its position in Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 343 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on LRCX shares. Cantor Fitzgerald restated an “overweight” rating and set a $100.00 price target on shares of Lam Research in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their target price on Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 28th. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and increased their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Barclays dropped their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Mizuho raised their target price on Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $93.87.

Lam Research Stock Down 4.8 %

Shares of NASDAQ:LRCX opened at $65.14 on Thursday. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a market cap of $83.62 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The firm has a 50 day simple moving average of $75.58 and a 200 day simple moving average of $76.17.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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 net margin of 26.49% and a return on equity of 51.86%. As a group, research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.41%. Lam Research’s dividend payout ratio is currently 27.96%.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

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.