J.Safra Asset Management Corp Takes Position in Lam Research Co. (NASDAQ:LRCX)

J.Safra Asset Management Corp bought a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 690 shares of the semiconductor company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LRCX. WoodTrust Financial Corp raised its holdings in Lam Research by 904.2% during the 4th quarter. WoodTrust Financial Corp now owns 3,836 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 3,454 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $259,000. Laffer Tengler Investments Inc. increased its stake in shares of Lam Research by 1,021.3% in the 4th quarter. Laffer Tengler Investments Inc. now owns 106,233 shares of the semiconductor company’s stock valued at $7,673,000 after acquiring an additional 96,759 shares during the last quarter. Glass Wealth Management Co LLC increased its stake in shares of Lam Research by 973.0% in the 4th quarter. Glass Wealth Management Co LLC now owns 26,665 shares of the semiconductor company’s stock valued at $1,926,000 after acquiring an additional 24,180 shares during the last quarter. Finally, Cypress Capital Group increased its stake in shares of Lam Research by 622.7% in the 4th quarter. Cypress Capital Group now owns 26,450 shares of the semiconductor company’s stock valued at $1,910,000 after acquiring an additional 22,790 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Tuesday, February 18th. Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Friday, January 17th. Finally, Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Six 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 a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

Shares of LRCX opened at $79.05 on Thursday. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a market capitalization of $101.47 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The business has a 50-day moving average of $79.14 and a 200-day moving average of $77.82.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, equities research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. Lam Research’s payout ratio is currently 27.96%.

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.