Vaughan David Investments LLC IL Sells 717 Shares of Lam Research Co. (NASDAQ:LRCX)

Vaughan David Investments LLC IL reduced its stake in Lam Research Co. (NASDAQ:LRCXFree Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,616 shares of the semiconductor company’s stock after selling 717 shares during the period. Lam Research makes up about 1.4% of Vaughan David Investments LLC IL’s holdings, making the stock its 11th largest holding. Vaughan David Investments LLC IL’s holdings in Lam Research were worth $51,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in LRCX. Moneta Group Investment Advisors LLC raised its position in Lam Research by 117,180.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 32,822,222 shares of the semiconductor company’s stock valued at $13,795,180,000 after purchasing an additional 32,794,236 shares in the last quarter. Norges Bank bought a new position in shares of Lam Research during the fourth quarter valued at about $619,226,000. Morgan Stanley grew its stake in shares of Lam Research by 34.8% during the fourth quarter. Morgan Stanley now owns 1,651,084 shares of the semiconductor company’s stock valued at $693,952,000 after buying an additional 425,918 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Lam Research by 76,165.7% during the fourth quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company’s stock valued at $249,099,000 after buying an additional 317,611 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Lam Research by 1,125.6% during the fourth quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock valued at $267,984,000 after buying an additional 314,224 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the transaction, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the sale, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the sale, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders have sold 7,029 shares of company stock valued at $6,559,489 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LRCX. Needham & Company LLC raised their price objective on Lam Research from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Citigroup raised their target price on Lam Research from $800.00 to $975.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Cantor Fitzgerald raised their target price on Lam Research from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Monday. Raymond James raised their target price on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Barclays raised their target price on Lam Research from $750.00 to $825.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $848.27.

View Our Latest Stock Report on Lam Research

Lam Research Stock Down 2.7 %

LRCX traded down $26.44 during trading on Friday, hitting $957.04. The stock had a trading volume of 988,380 shares, compared to its average volume of 1,027,919. The stock has a 50 day simple moving average of $937.67 and a two-hundred day simple moving average of $787.25. Lam Research Co. has a twelve month low of $482.74 and a twelve month high of $1,007.39. The company has a market capitalization of $125.47 billion, a PE ratio of 38.03, a PEG ratio of 3.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06.

Lam Research (NASDAQ:LRCXGet Free Report) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business earned $10.71 earnings per share. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year. On average, research analysts predict that Lam Research Co. will post 28.88 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.84%. Lam Research’s payout ratio is presently 30.94%.

Lam Research Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCXFree Report).

Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.