180 Wealth Advisors LLC Acquires New Stake in Lam Research Co. (NASDAQ:LRCX)

180 Wealth Advisors LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,527 shares of the semiconductor company's stock, valued at approximately $1,783,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LRCX. Financial Perspectives Inc lifted its position in shares of Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares during the last quarter. Fairway Wealth LLC boosted its stake in shares of Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research during the fourth quarter valued at $27,000. West Paces Advisors Inc. purchased a new stake in shares of Lam Research during the fourth quarter valued at $27,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Lam Research stock traded up $1.10 during mid-day trading on Thursday, hitting $85.87. The company had a trading volume of 4,574,882 shares, compared to its average volume of 12,433,328. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The company's fifty day moving average is $74.00 and its 200-day moving average is $76.14. The company has a market capitalization of $109.84 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business's quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $7.79 EPS. Equities research analysts predict that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

Analysts Set New Price Targets

LRCX has been the subject of a number of recent analyst reports. Mizuho boosted their target price on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley lifted their price objective on Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Bank of America decreased their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Barclays decreased their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, B. Riley restated a "buy" rating on shares of Lam Research in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $91.56.

Lam Research 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.