Creekmur Asset Management LLC Has $596,000 Stock Holdings in Lam Research Corporation (NASDAQ:LRCX)

Creekmur Asset Management LLC raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8,100.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,200 shares of the semiconductor company's stock after purchasing an additional 8,100 shares during the quarter. Creekmur Asset Management LLC's holdings in Lam Research were worth $596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. One Charles Private Wealth Services LLC boosted its position in shares of Lam Research by 843.4% during the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock worth $289,000 after buying an additional 3,576 shares during the period. Brighton Jones LLC lifted its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Harbour Investments Inc. purchased a new position in Lam Research in the 4th quarter valued at approximately $206,000. Creative Financial Designs Inc. ADV raised its stake in shares of Lam Research by 3,711.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,554 shares of the semiconductor company's stock valued at $184,000 after acquiring an additional 2,487 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in Lam Research by 896.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 20,015 shares of the semiconductor company's stock valued at $1,446,000 after purchasing an additional 18,007 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Trading Down 0.1%

Shares of Lam Research stock traded down $0.13 on Friday, reaching $100.66. 8,114,872 shares of the company were exchanged, compared to its average volume of 12,310,280. The stock has a fifty day moving average price of $90.60 and a 200-day moving average price of $80.62. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $128.76 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $102.19.

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

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.91%. Lam Research's dividend payout ratio (DPR) is 25.63%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Evercore ISI boosted their price objective on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. The Goldman Sachs Group started coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 target price on the stock. KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 target price (up previously from $90.00) on shares of Lam Research in a report on Tuesday, June 24th. Finally, Morgan Stanley raised their price objective on shares of Lam Research from $82.00 to $87.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $99.14.

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.