Tradewinds Capital Management LLC Raises Stock Position in Lam Research Co. (NASDAQ:LRCX)

Tradewinds Capital Management LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 500 shares of the semiconductor company’s stock after purchasing an additional 450 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Lam Research were worth $36,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LRCX. Allspring Global Investments Holdings LLC boosted its stake in shares of Lam Research by 39.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the semiconductor company’s stock worth $15,781,000 after acquiring an additional 5,484 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Lam Research by 8.1% during the 3rd quarter. Private Advisor Group LLC now owns 6,374 shares of the semiconductor company’s stock valued at $5,201,000 after buying an additional 480 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of Lam Research by 49.3% during the 3rd quarter. Dakota Wealth Management now owns 1,624 shares of the semiconductor company’s stock valued at $1,325,000 after buying an additional 536 shares in the last quarter. Burford Brothers Inc. purchased a new position in shares of Lam Research during the 3rd quarter valued at $575,000. Finally, CWC Advisors LLC. bought a new stake in Lam Research in the 3rd quarter valued at $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LRCX. Barclays reduced their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday, February 18th. Wells Fargo & Company boosted their target price 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. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.22.

Lam Research Price Performance

Shares of LRCX opened at $86.02 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a market capitalization of $110.42 billion, a PE ratio of 26.13, a PEG ratio of 1.47 and a beta of 1.46. The company has a 50 day moving average price of $78.46 and a 200-day moving average price of $78.04. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

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

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. 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 1.07%. Lam Research’s payout ratio is 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.