Neo Ivy Capital Management Purchases New Holdings in Lam Research Co. (NASDAQ:LRCX)

Neo Ivy Capital Management acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,914 shares of the semiconductor company's stock, valued at approximately $1,438,000.

A number of other institutional investors have also recently bought and sold shares of the company. Western Wealth Management LLC boosted its position in Lam Research by 792.7% during the fourth quarter. Western Wealth Management LLC now owns 7,231 shares of the semiconductor company's stock valued at $522,000 after purchasing an additional 6,421 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Lam Research by 738.6% during the fourth quarter. Sunbelt Securities Inc. now owns 13,141 shares of the semiconductor company's stock valued at $948,000 after purchasing an additional 11,574 shares during the last quarter. GTS Securities LLC boosted its position in Lam Research by 609.1% during the fourth quarter. GTS Securities LLC now owns 70,942 shares of the semiconductor company's stock valued at $5,124,000 after purchasing an additional 84,877 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Lam Research during the fourth quarter valued at $58,000. Finally, Vise Technologies Inc. acquired a new stake in Lam Research during the fourth quarter valued at $1,566,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded up $2.88 during trading hours on Tuesday, hitting $83.94. 9,525,842 shares of the company's stock were exchanged, compared to its average volume of 12,249,832. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The stock has a market capitalization of $107.37 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.47 and a beta of 1.64. The company's 50-day moving average price is $72.98 and its 200-day moving average price is $75.72.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data 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. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter in the previous year, the firm earned $7.79 EPS. The firm's revenue was up 24.4% compared to the same quarter last year. On average, sell-side analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.10%. Lam Research's dividend payout ratio is 25.63%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Needham & Company LLC reduced their price target on Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. B. Riley reaffirmed a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Finally, Morgan Stanley boosted their price target on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $91.56.

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.