Jackson Wealth Management LLC Purchases 90,388 Shares of Lam Research Co. (NASDAQ:LRCX)

Jackson Wealth Management LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 906.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,362 shares of the semiconductor company’s stock after buying an additional 90,388 shares during the period. Jackson Wealth Management LLC’s holdings in Lam Research were worth $7,249,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Czech National Bank raised its stake in shares of Lam Research by 6.6% in the 3rd quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock valued at $21,674,000 after buying an additional 1,645 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Lam Research by 37.1% during the 3rd quarter. Fulton Bank N.A. now owns 1,857 shares of the semiconductor company’s stock worth $1,515,000 after purchasing an additional 503 shares in the last quarter. Kesler Norman & Wride LLC acquired a new stake in shares of Lam Research during the 3rd quarter worth about $422,000. Alpha Cubed Investments LLC increased its position in shares of Lam Research by 498.3% during the 3rd quarter. Alpha Cubed Investments LLC now owns 2,842 shares of the semiconductor company’s stock worth $2,319,000 after purchasing an additional 2,367 shares in the last quarter. Finally, Axiom Advisory LLC increased its position in shares of Lam Research by 17.1% during the 3rd quarter. Axiom Advisory LLC now owns 1,152 shares of the semiconductor company’s stock worth $1,002,000 after purchasing an additional 168 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. B. Riley decreased their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company increased their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Price Performance

Lam Research stock opened at $79.91 on Wednesday. The stock has a market capitalization of $102.82 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.34 and a beta of 1.46. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock’s 50 day moving average price is $76.18 and its two-hundred day moving average price is $78.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results 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%. On average, equities analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

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.