Atria Wealth Solutions Inc. Purchases 11,502 Shares of Lam Research Corporation (NASDAQ:LRCX)

Atria Wealth Solutions Inc. grew its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 17.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,181 shares of the semiconductor company's stock after buying an additional 11,502 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Lam Research were worth $5,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LRCX. Ameriprise Financial Inc. grew its stake in Lam Research by 950.5% during the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after buying an additional 31,255,726 shares during the last quarter. Northern Trust Corp grew its stake in Lam Research by 1,067.0% during the fourth quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock worth $1,146,235,000 after buying an additional 14,509,407 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Lam Research by 6,383.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock worth $980,500,000 after buying an additional 13,365,317 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Lam Research during the fourth quarter worth about $792,161,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Lam Research by 934.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,671,386 shares of the semiconductor company's stock worth $481,871,000 after purchasing an additional 6,026,403 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LRCX shares. Oppenheimer upped their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft set a $70.00 target price on shares of Lam Research and gave the stock a "hold" rating in a research report on Thursday, April 24th. Stifel Nicolaus increased their price objective on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Citigroup increased their price objective on shares of Lam Research from $108.00 to $113.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $107.09.

Lam Research Stock Down 0.8%

Shares of LRCX stock opened at $95.94 on Thursday. The firm has a fifty day moving average of $94.80 and a 200-day moving average of $82.76. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $102.59. The company has a market capitalization of $122.72 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.27 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, equities research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 1.0%. Lam Research's dividend payout ratio (DPR) is 22.12%.

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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