3,519 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Whelan Financial

Whelan Financial acquired a new position in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,519 shares of the semiconductor company's stock, valued at approximately $254,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Perspectives Inc lifted its position in shares of Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares in the last quarter. Fairway Wealth LLC lifted its holdings in 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 in the last quarter. Atwood & Palmer Inc. purchased a new position in Lam Research during the fourth quarter valued at approximately $27,000. Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research in the fourth quarter worth $27,000. Finally, West Paces Advisors Inc. bought a new stake in shares of Lam Research during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 1.8%

Shares of LRCX traded down $1.50 during mid-day trading on Friday, reaching $81.06. 8,275,227 shares of the company's stock traded hands, compared to its average volume of 12,233,901. 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's 50-day moving average is $72.85 and its two-hundred day moving average is $75.70. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The stock has a market cap of $103.69 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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 revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period last year, the company earned $7.79 earnings per share. Research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued 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 1.13%. Lam Research's payout ratio is currently 25.63%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Needham & Company LLC dropped their target price on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Evercore ISI increased 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. Oppenheimer lowered their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Bank of America cut their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. 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, Lam Research presently has an average rating of "Moderate Buy" and an average target price 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.