Cache Advisors LLC bought a new position in Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,790 shares of the semiconductor company's stock, valued at approximately $779,000.
A number of other large investors have also bought and sold shares of LRCX. Fairway Wealth LLC grew its position in Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares in the last quarter. Financial Perspectives Inc lifted its stake in shares of 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 acquiring an additional 309 shares during the last quarter. West Paces Advisors Inc. bought a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Needham & Company LLC lowered their price target on Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Bank of America decreased their target price on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley increased their target price on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Evercore ISI increased their target price on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, April 24th. Seven investment 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.56.
View Our Latest Report on Lam Research
Lam Research Price Performance
NASDAQ:LRCX traded up $2.88 on Tuesday, reaching $83.94. 9,525,842 shares of the company's stock traded hands, compared to its average volume of 12,249,832. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $72.98 and a 200-day simple moving average of $75.72. The firm has a market cap of $107.37 billion, a PE ratio of 25.50, a P/E/G ratio of 1.47 and a beta of 1.64.
Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business posted $7.79 earnings per share. Equities research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.
Lam Research Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.10%. Lam Research's dividend payout ratio (DPR) is currently 25.63%.
About Lam Research
(
Free Report)
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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