Outlook Wealth Advisors LLC Buys 77 Shares of Lam Research Co. (NASDAQ:LRCX)

Outlook Wealth Advisors LLC raised its stake in Lam Research Co. (NASDAQ:LRCX) by 17.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 529 shares of the semiconductor company’s stock after purchasing an additional 77 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Lam Research were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Lam Research in the 4th quarter worth approximately $1,414,111,000. International Assets Investment Management LLC lifted its stake in Lam Research by 76,165.7% in the fourth quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company’s stock worth $249,099,000 after acquiring an additional 317,611 shares during the period. Cerity Partners LLC boosted its holdings in Lam Research by 1,125.6% in the fourth quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock valued at $267,984,000 after acquiring an additional 314,224 shares in the last quarter. Bank of New York Mellon Corp increased its position in Lam Research by 10.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company’s stock valued at $1,029,386,000 after purchasing an additional 159,815 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Lam Research by 106.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company’s stock worth $188,702,000 after purchasing an additional 155,240 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 2.7 %

LRCX traded up $23.90 during trading on Friday, hitting $925.37. 1,397,129 shares of the company’s stock traded hands, compared to its average volume of 1,010,097. The stock has a market capitalization of $121.32 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 3.20 and a beta of 1.51. The company’s 50 day simple moving average is $943.67 and its two-hundred day simple moving average is $809.10. Lam Research Co. has a 12-month low of $493.42 and a 12-month high of $1,007.39. The company has a current ratio of 2.82, a quick ratio of 2.02 and a debt-to-equity ratio of 0.56.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating the consensus estimate of $7.26 by $0.53. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm posted $6.99 earnings per share. Lam Research’s revenue was down 2.0% compared to the same quarter last year. Analysts predict that Lam Research Co. will post 29.46 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.86%. Lam Research’s payout ratio is 29.42%.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Lam Research in a research report on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price target on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $1,100.00 target price on shares of Lam Research in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Lam Research from $900.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday. The Goldman Sachs Group raised their price objective on Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus upped their target price on shares of Lam Research from $950.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $950.85.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Christina Corrreia sold 647 shares of the firm’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 value of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 shares were 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 of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is owned by insiders.

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.