3,687 Shares in Lam Research Corporation (NASDAQ:LRCX) Bought by Benchmark Financial Wealth Advisors LLC

Benchmark Financial Wealth Advisors LLC acquired 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 & Exchange Commission. The institutional investor acquired 3,687 shares of the semiconductor company's stock, valued at approximately $268,000.

A number of other large investors have also modified their holdings of the company. Fairway Wealth LLC increased its holdings in Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research in the 1st quarter worth about $26,000. West Paces Advisors Inc. acquired a new position in shares of Lam Research during the fourth quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc increased its position in shares of Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LRCX. Oppenheimer reaffirmed an "outperform" rating and set a $110.00 target price (up previously from $80.00) on shares of Lam Research in a report on Tuesday, June 17th. Wells Fargo & Company decreased their target price on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Bank of America lowered their target price on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley upped their price target on Lam Research from $82.00 to $87.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a "hold" rating in a research report on Thursday, April 24th. Seven research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $94.20.

Lam Research Trading Down 0.1%

Shares of LRCX traded down $0.14 during midday trading on Thursday, hitting $98.69. 5,023,554 shares of the stock were exchanged, compared to its average volume of 12,314,729. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45. The stock has a fifty day simple moving average of $84.60 and a 200 day simple moving average of $78.66. The firm has a market cap of $126.24 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.37 and a beta of 1.68.

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

Lam Research Dividend Announcement

The firm 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is currently 25.63%.

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.