Advisor OS LLC Purchases New Stake in Lam Research Corporation (NASDAQ:LRCX)

Advisor OS LLC bought a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,799 shares of the semiconductor company's stock, valued at approximately $494,000.

Several other large investors have also added to or reduced their stakes in LRCX. Kovack Advisors Inc. lifted its position in Lam Research by 5.4% in the 1st quarter. Kovack Advisors Inc. now owns 6,764 shares of the semiconductor company's stock worth $492,000 after buying an additional 344 shares during the last quarter. AE Wealth Management LLC grew its position in Lam Research by 48.2% during the first quarter. AE Wealth Management LLC now owns 37,072 shares of the semiconductor company's stock valued at $2,695,000 after acquiring an additional 12,055 shares during the last quarter. Burney Co. grew its position in Lam Research by 62.7% during the first quarter. Burney Co. now owns 293,878 shares of the semiconductor company's stock valued at $21,365,000 after acquiring an additional 113,240 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its position in Lam Research by 2.4% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 88,136 shares of the semiconductor company's stock valued at $6,407,000 after acquiring an additional 2,104 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Lam Research by 6.2% during the first quarter. Wedbush Securities Inc. now owns 17,543 shares of the semiconductor company's stock valued at $1,275,000 after acquiring an additional 1,031 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

LRCX stock traded down $0.82 during trading on Friday, hitting $96.96. The stock had a trading volume of 8,912,992 shares, compared to its average volume of 8,968,377. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $102.59. The company's 50-day moving average price is $92.49 and its two-hundred day moving average price is $81.62. 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 stock has a market capitalization of $124.02 billion, a P/E ratio of 27.02, a PEG ratio of 1.38 and a beta of 1.68.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping 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 firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. During the same period in the previous year, the business earned $7.79 earnings per share. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LRCX. Bank of America decreased their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a "hold" rating in a research note on Thursday, April 24th. Jefferies Financial Group lifted their target price on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 28th. The Goldman Sachs Group started coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of Lam Research from $75.00 to $95.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $100.57.

Lam Research 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.