Centaurus Financial Inc. Acquires New Stake in Lam Research Co. (NASDAQ:LRCX)

Centaurus Financial Inc. purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,065 shares of the semiconductor company's stock, valued at approximately $366,000.

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

Lam Research Trading Up 1.4%

Shares of LRCX traded up $1.18 during trading hours on Tuesday, hitting $83.66. 7,328,320 shares of the stock traded hands, compared to its average volume of 12,237,406. The business has a fifty day moving average of $73.58 and a 200-day moving average of $76.03. The firm has a market capitalization of $107.01 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. 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 (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The company's revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the company posted $7.79 EPS. Analysts expect that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

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

Analyst Ratings Changes

LRCX has been the subject of a number of analyst reports. B. Riley reaffirmed a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Susquehanna upgraded Lam Research from a "neutral" rating to a "positive" rating and boosted their target price for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Morgan Stanley increased their price target on Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Barclays dropped their price target on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Mizuho upped their price objective on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Seven research 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's stock. According to data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $91.56.

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.