DSG Capital Advisors LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,210 shares of the semiconductor company's stock, valued at approximately $521,000.
A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. Fairway Wealth LLC grew its stake 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 buying an additional 306 shares during the last quarter. Financial Perspectives Inc boosted its holdings in shares of Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares during the period. West Paces Advisors Inc. bought a new position in shares of Lam Research during the fourth quarter worth about $27,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter worth about $27,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Lam Research in the 4th quarter worth about $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.
Lam Research Price Performance
LRCX stock opened at $80.32 on Monday. The stock has a market cap of $102.74 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The stock has a 50-day moving average price of $73.45 and a two-hundred day moving average price of $75.94. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.
Lam Research (NASDAQ:LRCX - Get Free Report) last released 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 26.49% and a return on equity of 51.86%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the previous year, the business earned $7.79 EPS. Lam Research's revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.
Lam Research Dividend Announcement
The company 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 1.15%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio is 25.63%.
Wall Street Analysts Forecast Growth
LRCX has been the topic of several analyst reports. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and raised their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Jefferies Financial Group increased their price objective on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Evercore ISI raised their target price on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Argus upgraded Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Bank of America decreased their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.
Check Out Our Latest Analysis on Lam Research
Lam Research Company Profile
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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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