Royal Fund Management LLC Purchases 289 Shares of Lam Research Co. (NASDAQ:LRCX)

Royal Fund Management LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,074 shares of the semiconductor company’s stock after buying an additional 289 shares during the quarter. Royal Fund Management LLC’s holdings in Lam Research were worth $4,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised 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 acquiring an additional 317,611 shares during the last quarter. Cerity Partners LLC raised its position in Lam Research by 1,125.6% during the 4th quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock valued at $267,984,000 after purchasing an additional 314,224 shares during the last quarter. Canada Pension Plan Investment Board lifted 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 buying an additional 155,240 shares during the period. Northern Trust Corp grew its position in shares of Lam Research by 9.7% in the 3rd quarter. Northern Trust Corp now owns 1,523,215 shares of the semiconductor company’s stock worth $954,705,000 after buying an additional 134,558 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Lam Research by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 2,972,650 shares of the semiconductor company’s stock valued at $2,328,358,000 after buying an additional 85,855 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 2.8 %

Shares of NASDAQ:LRCX traded up $24.85 during trading on Friday, reaching $908.53. 875,385 shares of the stock traded hands, compared to its average volume of 1,105,338. The stock has a market cap of $119.11 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82. The stock has a 50-day moving average of $941.31 and a two-hundred day moving average of $817.83. Lam Research Co. has a 52-week low of $507.19 and a 52-week high of $1,007.39.

Lam Research (NASDAQ:LRCX) last issued its earnings results 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 business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $6.99 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s dividend payout ratio (DPR) is 29.42%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LRCX shares. B. Riley upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and lifted their price target for the company from $870.00 to $1,100.00 in a report on Friday, April 19th. The Goldman Sachs Group increased their price target on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Wells Fargo & Company raised their price objective on shares of Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Mizuho upped their target price on Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $1,100.00 target price on shares of Lam Research in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $950.85.

Insider Buying and Selling at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 882 shares of the 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 $857,330.46. Following the transaction, the director now owns 10,541 shares in the company, valued at $10,246,168.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Abhijit Y. Talwalkar sold 882 shares of Lam Research stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares of the company’s stock, valued at $10,246,168.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,089 shares of company stock worth $6,614,781. Company insiders own 0.32% of the company’s stock.

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.