5,750 Shares in Lam Research Corporation (NASDAQ:LRCX) Bought by CFM Wealth Partners LLC

CFM Wealth Partners LLC purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,750 shares of the semiconductor company's stock, valued at approximately $418,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Little House Capital LLC grew its position in shares of Lam Research by 38.4% during the first quarter. Little House Capital LLC now owns 19,199 shares of the semiconductor company's stock worth $1,396,000 after purchasing an additional 5,324 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Lam Research by 0.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,188,231 shares of the semiconductor company's stock worth $231,784,000 after buying an additional 27,708 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Lam Research by 18.5% in the 1st quarter. Golden State Wealth Management LLC now owns 2,249 shares of the semiconductor company's stock valued at $164,000 after acquiring an additional 351 shares during the last quarter. Gold Investment Management Ltd. lifted its stake in Lam Research by 15.2% in the 1st quarter. Gold Investment Management Ltd. now owns 9,603 shares of the semiconductor company's stock worth $698,000 after purchasing an additional 1,268 shares in the last quarter. Finally, 3Chopt Investment Partners LLC lifted its stake in Lam Research by 3.7% in the 1st quarter. 3Chopt Investment Partners LLC now owns 10,669 shares of the semiconductor company's stock worth $778,000 after purchasing an additional 377 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 0.4%

Shares of NASDAQ:LRCX opened at $97.20 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64. The business has a 50 day simple moving average of $82.59 and a two-hundred day simple moving average of $78.22. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $113.00. The firm has a market capitalization of $124.33 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.37 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the company posted $7.79 EPS. Lam Research's quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.95%. Lam Research's payout ratio is 25.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price objective on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. UBS Group cut their price target on Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays reduced their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. B. Riley reiterated a "buy" rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 target price (up from $90.00) on shares of Lam Research in a report on Tuesday, June 24th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $93.97.

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.

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