Cwm LLC Has $4.81 Million Stock Holdings in Lam Research Corporation (NASDAQ:LRCX)

CWM LLC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,123 shares of the semiconductor company's stock after acquiring an additional 16,028 shares during the period. CWM LLC's holdings in Lam Research were worth $4,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the first quarter worth about $26,000. West Paces Advisors Inc. bought a new position in Lam Research in the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research during the fourth quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research in the fourth quarter valued at approximately $31,000. Finally, Cedar Wealth Management LLC bought a new stake in shares of Lam Research in the fourth quarter valued at approximately $34,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $0.42 during trading on Thursday, reaching $100.79. The stock had a trading volume of 9,744,562 shares, compared to its average volume of 12,342,620. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64. The business's 50-day moving average price is $90.08 and its 200 day moving average price is $80.43. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $102.19. The stock has a market capitalization of $128.92 billion, a PE ratio of 28.09, a P/E/G ratio of 1.42 and a beta of 1.68.

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

Lam Research Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LRCX. Wells Fargo & Company increased their price target on shares of Lam Research from $75.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Barclays cut their price target on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a "hold" rating in a report on Thursday, April 24th. Jefferies Financial Group upped their target price on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 28th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 price target (up previously from $90.00) on shares of Lam Research in a research report on Tuesday, June 24th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $99.14.

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.