Fidelis Capital Partners LLC Has $960,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Fidelis Capital Partners LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 10.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,226 shares of the semiconductor company’s stock after acquiring an additional 112 shares during the period. Fidelis Capital Partners LLC’s holdings in Lam Research were worth $960,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC grew its holdings in shares of Lam Research by 117,180.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 32,822,222 shares of the semiconductor company’s stock valued at $13,795,180,000 after buying an additional 32,794,236 shares during the last quarter. State Street Corp boosted its holdings in Lam Research by 1.7% during the first quarter. State Street Corp now owns 5,697,200 shares of the semiconductor company’s stock worth $3,029,550,000 after purchasing an additional 92,606 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lam Research by 0.8% during the first quarter. Geode Capital Management LLC now owns 2,542,805 shares of the semiconductor company’s stock worth $1,345,403,000 after purchasing an additional 19,280 shares during the last quarter. Morgan Stanley boosted its holdings in Lam Research by 3.2% during the third quarter. Morgan Stanley now owns 1,857,918 shares of the semiconductor company’s stock worth $1,164,490,000 after purchasing an additional 56,824 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Lam Research by 10.8% during the third quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company’s stock worth $1,029,386,000 after purchasing an additional 159,815 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $6.09 during midday trading on Friday, hitting $882.83. The company’s stock had a trading volume of 205,660 shares, compared to its average volume of 1,032,039. The stock has a fifty day moving average price of $946.27 and a 200 day moving average price of $798.17. Lam Research Co. has a one year low of $493.42 and a one year high of $1,007.39. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $115.74 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 3.30 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 EPS for the quarter, beating the consensus estimate of $7.06 by $0.46. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. Lam Research’s revenue for the quarter was down 28.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.71 earnings per share. On average, research analysts forecast that Lam Research Co. will post 28.9 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.91%. Lam Research’s dividend payout ratio is currently 30.94%.

Insider Activity at Lam Research

In related news, CAO Christina Corrreia sold 647 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at $5,386,018.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Christina Corrreia sold 647 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the transaction, the chief accounting officer now directly owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,029 shares of company stock valued at $6,559,489. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of Lam Research in a report on Tuesday. They set an “outperform” rating and a $1,200.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lam Research in a report on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price target on the stock. TD Cowen boosted their price target on shares of Lam Research from $710.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Susquehanna boosted their price target on shares of Lam Research from $655.00 to $880.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, Mizuho lifted their price objective on shares of Lam Research from $900.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $899.64.

About Lam Research

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.