Lam Research Co. (NASDAQ:LRCX) Shares Sold by NewSquare Capital LLC

NewSquare Capital LLC trimmed its position in shares of Lam Research Co. (NASDAQ:LRCX) by 71.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,483 shares of the semiconductor company’s stock after selling 6,294 shares during the period. NewSquare Capital LLC’s holdings in Lam Research were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new position in Lam Research during the 4th quarter valued at about $50,000. WoodTrust Financial Corp boosted its holdings in shares of Lam Research by 904.2% in the fourth quarter. WoodTrust Financial Corp now owns 3,836 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 3,454 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Lam Research in the fourth quarter valued at approximately $259,000. Laffer Tengler Investments Inc. boosted its holdings in shares of Lam Research by 1,021.3% in the fourth quarter. Laffer Tengler Investments Inc. now owns 106,233 shares of the semiconductor company’s stock valued at $7,673,000 after acquiring an additional 96,759 shares in the last quarter. Finally, Glass Wealth Management Co LLC boosted its holdings in shares of Lam Research by 973.0% in the fourth quarter. Glass Wealth Management Co LLC now owns 26,665 shares of the semiconductor company’s stock valued at $1,926,000 after acquiring an additional 24,180 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lam Research

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LRCX. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday, January 17th. Wells Fargo & Company raised their target price on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group reduced their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

Lam Research Stock Up 3.4 %

LRCX stock opened at $79.05 on Thursday. The company has a 50 day moving average of $79.14 and a two-hundred day moving average of $77.82. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a market cap of $101.47 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.47 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, equities analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

About Lam Research

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.