Blue Trust Inc. Has $191,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Blue Trust Inc. decreased its position in Lam Research Co. (NASDAQ:LRCX) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,642 shares of the semiconductor company’s stock after selling 256 shares during the period. Blue Trust Inc.’s holdings in Lam Research were worth $191,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its position in shares of Lam Research by 480.6% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,167 shares of the semiconductor company’s stock valued at $373,000 after acquiring an additional 4,277 shares in the last quarter. PFG Investments LLC boosted its holdings in Lam Research by 591.6% during the fourth quarter. PFG Investments LLC now owns 8,230 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 7,040 shares in the last quarter. Tennessee Valley Asset Management Partners grew its stake in shares of Lam Research by 900.9% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,344 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 3,910 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Lam Research by 967.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 78,823 shares of the semiconductor company’s stock worth $5,693,000 after buying an additional 71,439 shares in the last quarter. Finally, Regatta Capital Group LLC raised its holdings in shares of Lam Research by 882.0% in the 4th quarter. Regatta Capital Group LLC now owns 8,141 shares of the semiconductor company’s stock worth $588,000 after buying an additional 7,312 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LRCX. Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Wells Fargo & Company lifted their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group cut 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 note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Price Performance

LRCX opened at $79.91 on Wednesday. The company has a fifty day moving average price of $76.18 and a two-hundred day moving average price of $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. The firm has a market capitalization of $102.82 billion, a PE ratio of 24.27, a P/E/G 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.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating 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, analysts anticipate 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.