Kwmg LLC Takes Position in Lam Research Co. (NASDAQ:LRCX)

Kwmg LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 83,239 shares of the semiconductor company's stock, valued at approximately $6,051,000.

A number of other large investors have also bought and sold shares of the business. Financial Perspectives Inc boosted its position 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 buying an additional 309 shares during the last quarter. Fairway Wealth LLC boosted its position in Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in Lam Research in the 4th quarter valued at $27,000. West Paces Advisors Inc. bought a new position in Lam Research in the 4th quarter valued at $27,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Lam Research in the 4th quarter valued at $27,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on LRCX. Morgan Stanley increased their price objective on Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. TD Cowen decreased their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Evercore ISI increased their price target on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. Finally, Argus raised Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Stock Up 1.3%

Shares of Lam Research stock traded up $1.11 during trading on Wednesday, reaching $84.77. The stock had a trading volume of 7,990,105 shares, compared to its average volume of 12,242,161. The company has a market capitalization of $108.43 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.47 and a beta of 1.64. The stock has a fifty day moving average price of $73.75 and a two-hundred day moving average price of $76.08. Lam Research Co. has a 52 week low of $56.32 and a 52 week 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 announced 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 company had revenue of $4.72 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $7.79 EPS. Sell-side analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

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.