Independent Advisor Alliance Has $2.60 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Independent Advisor Alliance grew its position in Lam Research Co. (NASDAQ:LRCX) by 1,402.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,930 shares of the semiconductor company’s stock after purchasing an additional 33,539 shares during the period. Independent Advisor Alliance’s holdings in Lam Research were worth $2,595,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Insight Wealth Partners LLC acquired a new stake in Lam Research in the third quarter worth $202,000. B&L Asset Management LLC acquired a new stake in Lam Research in the third quarter worth $204,000. Dynamic Technology Lab Private Ltd acquired a new stake in Lam Research in the third quarter worth $220,000. Concorde Asset Management LLC acquired a new stake in Lam Research in the third quarter worth $242,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in Lam Research in the third quarter worth $245,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LRCX shares. Wells Fargo & Company raised their price objective 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. Barclays dropped their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $98.22.

Lam Research Stock Performance

Shares of LRCX opened at $76.59 on Thursday. The firm has a 50-day moving average of $79.44 and a 200-day moving average of $77.46. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market cap of $98.32 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

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, equities analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is 27.96%.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated 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 completion of the sale, the senior vice president now owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

Lam Research 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.