Curat Global LLC Invests $313,000 in Lam Research Co. (NASDAQ:LRCX)

Curat Global LLC purchased a new position in Lam Research Co. (NASDAQ:LRCX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,301 shares of the semiconductor company's stock, valued at approximately $313,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Financial Perspectives Inc grew its holdings in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Fairway Wealth LLC grew its holdings in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Lam Research during the 4th quarter worth about $27,000. West Paces Advisors Inc. bought a new position in Lam Research during the 4th quarter worth about $27,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Lam Research during the 4th quarter worth about $27,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of Lam Research stock traded up $1.44 during midday trading on Friday, hitting $86.35. The company had a trading volume of 7,875,825 shares, compared to its average volume of 12,260,798. 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 market cap of $110.45 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.47 and a beta of 1.65. The company has a fifty day simple moving average of $74.24 and a 200 day simple moving average of $76.24.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly 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. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the firm posted $7.79 EPS. Lam Research's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, analysts predict that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, June 18th. Lam Research's dividend payout ratio is presently 25.63%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Oppenheimer decreased their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Bank of America decreased their price target on shares of 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 price target on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, B. Riley reissued a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.56.

Lam Research 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.