Insight Wealth Strategies LLC Acquires 95,433 Shares of Lam Research Co. (NASDAQ:LRCX)

Insight Wealth Strategies LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 1,154.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,703 shares of the semiconductor company’s stock after purchasing an additional 95,433 shares during the period. Lam Research accounts for 1.0% of Insight Wealth Strategies LLC’s holdings, making the stock its 25th biggest holding. Insight Wealth Strategies LLC’s holdings in Lam Research were worth $7,490,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Modus Advisors LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $59,000. Quarry LP boosted its stake in Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 56 shares in the last quarter. General Partner Inc. grew its holdings in Lam Research by 900.0% in the fourth quarter. General Partner Inc. now owns 1,740 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,566 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Lam Research during the fourth quarter worth $159,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on LRCX. B. Riley dropped their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Wells Fargo & Company lowered their target price on shares of Lam Research from $85.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. UBS Group dropped their target price on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $97.24.

Lam Research Price Performance

Shares of Lam Research stock traded up $2.86 during trading hours on Monday, reaching $77.97. The stock had a trading volume of 7,802,288 shares, compared to its average volume of 8,200,734. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $100.32 billion, a PE ratio of 25.20, a PEG ratio of 1.22 and a beta of 1.45. The stock’s 50 day moving average is $74.62 and its 200 day moving average is $82.66.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.85 earnings per share. Equities analysts expect that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s payout ratio is 29.77%.

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.