Advisor Resource Council Makes New Investment in Lam Research Corporation (NASDAQ:LRCX)

Advisor Resource Council acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,366 shares of the semiconductor company's stock, valued at approximately $940,000.

Other institutional investors have also recently made changes to their positions in the company. One Charles Private Wealth Services LLC raised its stake in Lam Research by 843.4% during the 4th quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock worth $289,000 after acquiring an additional 3,576 shares during the period. Brighton Jones LLC raised its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after acquiring an additional 12,936 shares during the period. J.W. Cole Advisors Inc. raised its stake in Lam Research by 695.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 3,117 shares of the semiconductor company's stock worth $225,000 after acquiring an additional 2,725 shares during the period. Global Retirement Partners LLC raised its stake in Lam Research by 240.4% during the 4th quarter. Global Retirement Partners LLC now owns 6,457 shares of the semiconductor company's stock worth $466,000 after acquiring an additional 4,560 shares during the period. Finally, Private Advisor Group LLC raised its stake in Lam Research by 763.5% during the 4th quarter. Private Advisor Group LLC now owns 55,037 shares of the semiconductor company's stock worth $3,975,000 after acquiring an additional 48,663 shares during the period. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX stock traded down $1.75 on Friday, reaching $90.49. The company's stock had a trading volume of 22,922,800 shares, compared to its average volume of 12,306,003. The stock's fifty day simple moving average is $79.62 and its 200-day simple moving average is $77.57. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $113.00. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $115.75 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.27 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 27.18% and a return on equity of 53.21%. Lam Research's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.79 earnings per share. Analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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 paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LRCX shares. Evercore ISI lifted their price objective on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Oppenheimer reiterated an "outperform" rating and set a $110.00 price objective (up previously from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. TD Securities reduced their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Cantor Fitzgerald reiterated an "overweight" rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. Finally, Bank of America reduced their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. 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 stock. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $92.78.

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.