Full Sail Capital LLC Boosts Stake in Lam Research Co. (NASDAQ:LRCX)

Full Sail Capital LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 936.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,210 shares of the semiconductor company’s stock after purchasing an additional 3,804 shares during the period. Full Sail Capital LLC’s holdings in Lam Research were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Financial Perspectives Inc raised its holdings in shares of Lam Research by 908.8% during the fourth 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 last quarter. Fairway Wealth LLC increased its position 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 worth $25,000 after purchasing an additional 306 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Lam Research in the 4th quarter valued at $27,000. Midwest Capital Advisors LLC purchased a new position in Lam Research in the 4th quarter valued at $27,000. Finally, West Paces Advisors Inc. acquired a new stake in Lam Research during the 4th quarter worth $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $75.43 on Friday. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The stock has a market capitalization of $96.48 billion, a PE ratio of 22.91, a PEG ratio of 1.47 and a beta of 1.64. 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 stock has a 50-day simple moving average of $71.56 and a 200-day simple moving average of $75.19.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the firm posted $7.79 earnings per share. The company’s revenue was up 24.4% compared to the same quarter last year. On average, analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The shares were 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 $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC decreased their price target on shares of Lam Research from $96.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Morgan Stanley raised their target price on shares of Lam Research from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 24th. TD Cowen dropped their price target on Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on Lam Research from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, Argus upgraded Lam Research to a “strong-buy” rating in a report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

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.