Css LLC Il acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,844 shares of the semiconductor company's stock, valued at approximately $567,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kolinsky Wealth Management LLC boosted its holdings in Lam Research by 942.4% in the fourth quarter. Kolinsky Wealth Management LLC now owns 6,463 shares of the semiconductor company's stock valued at $467,000 after purchasing an additional 5,843 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $65,000. PharVision Advisers LLC acquired a new position in shares of Lam Research in the 4th quarter valued at about $347,000. White Knight Strategic Wealth Advisors LLC lifted its holdings in shares of Lam Research by 1,925.8% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 39,504 shares of the semiconductor company's stock valued at $2,853,000 after buying an additional 37,554 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 84.61% of the company's stock.
Lam Research Stock Down 1.8%
NASDAQ LRCX opened at $82.79 on Thursday. The business has a fifty day moving average price of $72.76 and a 200 day moving average price of $75.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a market cap of $105.90 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.47 and a beta of 1.64. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00.
Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.79 earnings per share. Research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.
Lam Research Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 yield of 1.11%. Lam Research's payout ratio is 25.63%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and boosted their price target for the company from $75.00 to $125.00 in a report on Thursday, February 20th. UBS Group decreased their target price on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Oppenheimer lowered their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Barclays cut their price objective on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Needham & Company LLC decreased their price objective on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.
Get Our Latest Stock Analysis on Lam Research
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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