Chicago Partners Investment Group LLC Has $1.09 Million Holdings in Lam Research Corporation (NASDAQ:LRCX)

Chicago Partners Investment Group LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 31.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,532 shares of the semiconductor company's stock after buying an additional 3,456 shares during the period. Chicago Partners Investment Group LLC's holdings in Lam Research were worth $1,091,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research during the first quarter worth $26,000. West Paces Advisors Inc. acquired a new position in shares of Lam Research during the fourth quarter worth $27,000. Mpwm Advisory Solutions LLC acquired a new stake in Lam Research in the fourth quarter valued at $27,000. Park Square Financial Group LLC acquired a new stake in Lam Research in the fourth quarter valued at $31,000. Finally, Putney Financial Group LLC acquired a new stake in Lam Research in the fourth quarter valued at $36,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of recent research reports. Barclays set a $83.00 price objective on Lam Research and gave the company an "equal weight" rating in a report on Monday, July 28th. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley increased their price objective on Lam Research from $87.00 to $94.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Needham & Company LLC increased their price objective on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $107.09.

Lam Research Price Performance

LRCX stock opened at $101.75 on Friday. The stock has a market capitalization of $130.15 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. The company's 50-day moving average is $95.53 and its 200-day moving average is $83.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $102.59.

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

Lam Research Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.9%. Lam Research's dividend payout ratio (DPR) is presently 22.12%.

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.

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