Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 959.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,005 shares of the semiconductor company’s stock after buying an additional 3,627 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Lam Research were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jackson Hole Capital Partners LLC acquired a new position in Lam Research during the fourth quarter worth about $358,000. Kendall Capital Management boosted its holdings in Lam Research by 900.0% in the 4th quarter. Kendall Capital Management now owns 3,770 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 3,393 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $583,000. Amundi grew its stake in shares of Lam Research by 7,601.9% in the 4th quarter. Amundi now owns 12,945,172 shares of the semiconductor company’s stock valued at $990,464,000 after buying an additional 12,777,094 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of Lam Research by 976.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 12,352 shares of the semiconductor company’s stock valued at $892,000 after buying an additional 11,204 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value 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. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

Lam Research Price Performance

Lam Research stock opened at $79.01 on Friday. The firm has a market cap of $101.42 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $79.30 and its two-hundred day moving average is $77.74.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.16%. Lam Research’s payout ratio is 27.96%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LRCX. Morgan Stanley increased their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Barclays dropped their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Mizuho increased their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.22.

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.