Ritholtz Wealth Management Sells 38 Shares of Lam Research Co. (NASDAQ:LRCX)

Ritholtz Wealth Management cut its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,210 shares of the semiconductor company’s stock after selling 38 shares during the period. Ritholtz Wealth Management’s holdings in Lam Research were worth $1,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bollard Group LLC grew its stake in Lam Research by 60.0% during the 2nd quarter. Bollard Group LLC now owns 40 shares of the semiconductor company’s stock worth $26,000 after buying an additional 15 shares during the last quarter. Horizon Family Wealth Inc. grew its stake in Lam Research by 4.2% during the 2nd quarter. Horizon Family Wealth Inc. now owns 397 shares of the semiconductor company’s stock worth $255,000 after buying an additional 16 shares during the last quarter. KB Financial Partners LLC grew its stake in Lam Research by 5.9% during the 2nd quarter. KB Financial Partners LLC now owns 287 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 16 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in Lam Research by 1.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,342 shares of the semiconductor company’s stock valued at $841,000 after purchasing an additional 17 shares during the last quarter. Finally, Asset Dedication LLC grew its stake in Lam Research by 56.7% during the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 17 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LRCX. Mizuho upped their target price on Lam Research from $900.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. TD Cowen raised their target price on Lam Research from $710.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Citigroup raised their target price on Lam Research from $800.00 to $975.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft cut Lam Research from a “buy” rating to a “hold” rating and increased their price target for the company from $680.00 to $725.00 in a report on Tuesday, December 12th. Finally, Susquehanna increased their price target on Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $811.68.

Insider Transactions at Lam Research

In other news, CEO Timothy Archer sold 10,524 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $732.00, for a total transaction of $7,703,568.00. Following the completion of the sale, the chief executive officer now directly owns 86,449 shares in the company, valued at approximately $63,280,668. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Timothy Archer sold 10,524 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $732.00, for a total transaction of $7,703,568.00. Following the transaction, the chief executive officer now owns 86,449 shares of the company’s stock, valued at $63,280,668. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction 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. Insiders sold a total of 19,895 shares of company stock worth $15,666,586 in the last ninety days. Insiders own 0.32% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $971.57 on Friday. The business’s 50 day simple moving average is $907.49 and its 200-day simple moving average is $762.59. The firm has a market capitalization of $127.37 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 3.44 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02. Lam Research Co. has a 12 month low of $480.45 and a 12 month high of $1,007.39.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 EPS for the quarter, topping the consensus estimate of $7.06 by $0.46. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the company earned $10.71 EPS. The company’s quarterly revenue was down 28.8% on a year-over-year basis. As a group, equities analysts forecast that Lam Research Co. will post 28.88 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.82%. Lam Research’s payout ratio is 30.94%.

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.