DSG Capital Advisors LLC Purchases 6,331 Shares of Lam Research Corporation (NASDAQ:LRCX)

DSG Capital Advisors LLC raised its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 87.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,541 shares of the semiconductor company's stock after purchasing an additional 6,331 shares during the quarter. DSG Capital Advisors LLC's holdings in Lam Research were worth $984,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fairway Wealth LLC increased its stake in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the period. West Paces Advisors Inc. acquired a new stake in shares of Lam Research in the 4th quarter valued at $27,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at $27,000. Bell Investment Advisors Inc increased its stake in shares of Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after buying an additional 343 shares during the period. Finally, Avalon Trust Co increased its stake in shares of Lam Research by 791.3% in the 4th quarter. Avalon Trust Co now owns 410 shares of the semiconductor company's stock valued at $30,000 after buying an additional 364 shares during the period. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LRCX shares. Argus raised Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company lowered their target price on Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. UBS Group lowered their target price on Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus lowered their target price on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a "hold" rating in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.20.

Lam Research Trading Down 0.1%

NASDAQ:LRCX traded down $0.12 on Thursday, reaching $98.72. The company's stock had a trading volume of 5,023,554 shares, compared to its average volume of 12,314,729. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45. The firm has a market cap of $126.27 billion, a PE ratio of 27.51, a PEG ratio of 1.37 and a beta of 1.68. The business's 50-day moving average price is $84.60 and its two-hundred day moving average price is $78.66.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (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 during the quarter, compared to analysts' expectations of $4.64 billion. During the same period in the previous year, the firm earned $7.79 earnings per share. The company's revenue was up 24.4% on a year-over-year basis. Equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. Lam Research's dividend payout ratio (DPR) is 25.63%.

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.