Brucke Financial Inc. Makes New $225,000 Investment in Lam Research Co. (NASDAQ:LRCX)

Brucke Financial Inc. bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,112 shares of the semiconductor company's stock, valued at approximately $225,000.

Several other hedge funds have also recently bought and sold shares of LRCX. Fairway Wealth LLC raised its holdings in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares in the last quarter. Financial Perspectives Inc boosted its holdings in Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the period. West Paces Advisors Inc. acquired a new stake in Lam Research during the fourth quarter worth about $27,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $27,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Lam Research in the 4th quarter valued at $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

Lam Research stock traded down $3.84 during mid-day trading on Friday, reaching $80.32. 19,188,650 shares of the company were exchanged, compared to its average volume of 12,280,115. The firm has a market cap of $102.74 billion, a PE ratio of 24.40, a PEG ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The company has a fifty day simple moving average of $73.45 and a 200-day simple moving average of $75.92.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Lam Research's revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm posted $7.79 earnings per share. As a group, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research's dividend payout ratio is presently 25.63%.

Analysts Set New Price Targets

Several research firms recently commented on LRCX. Evercore ISI raised their target price on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. TD Securities dropped their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Needham & Company LLC reduced their target price on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group lifted their price objective on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Finally, Bank of America cut their target price on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.