Cambridge Investment Research Advisors Inc. decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 25.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,651 shares of the semiconductor company's stock after selling 60,025 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Lam Research were worth $12,624,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC lifted its stake in shares of Lam Research by 900.0% in 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. West Paces Advisors Inc. purchased a new position in Lam Research in the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC bought a new position in Lam Research in the 4th quarter valued at approximately $27,000. Bell Investment Advisors Inc boosted its stake in Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares during the last quarter. Finally, Avalon Trust Co increased its holdings in shares of Lam Research by 791.3% in the 4th quarter. Avalon Trust Co now owns 410 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 364 shares in the last quarter. 84.61% of the stock is owned by institutional investors.
Lam Research Stock Performance
Shares of NASDAQ:LRCX traded up $0.39 during mid-day trading on Wednesday, reaching $96.02. 8,659,329 shares of the company traded hands, compared to its average volume of 12,385,525. The company's 50 day moving average price is $80.64 and its 200-day moving average price is $77.81. The firm has a market cap of $122.82 billion, a PE ratio of 26.76, a PEG ratio of 1.29 and a beta of 1.65. 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 current ratio of 2.45 and a quick ratio of 1.64.
Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 27.18% and a return on equity of 53.21%. The company's revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm earned $7.79 EPS. On average, equities analysts expect 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. Stockholders of record on Wednesday, June 18th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is 25.63%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on LRCX. Stifel Nicolaus lowered their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald upped their target price on shares of Lam Research from $90.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday. Bank of America dropped their price target on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. TD Cowen decreased their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, B. Riley restated a "buy" rating and set a $115.00 price objective (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Seven equities 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.97.
Get Our Latest Stock Analysis on LRCX
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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