74,088 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Fulcrum Capital LLC

Fulcrum Capital LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 74,088 shares of the semiconductor company's stock, valued at approximately $5,386,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Perspectives Inc grew 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 buying an additional 309 shares during the last quarter. Fairway Wealth LLC lifted its position in 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 acquiring an additional 306 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Lam Research during the 4th quarter valued at about $27,000. West Paces Advisors Inc. purchased a new stake in shares of Lam Research in the fourth quarter worth approximately $27,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research in the fourth quarter worth approximately $27,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of analyst reports. Mizuho increased their price target on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Oppenheimer lowered their target price on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Needham & Company LLC cut their price target on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Morgan Stanley increased their price objective on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note 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 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded up $0.65 during midday trading on Wednesday, reaching $84.31. 2,803,754 shares of the company traded hands, compared to its average volume of 12,459,792. The firm's fifty day moving average price is $73.75 and its two-hundred day moving average price is $76.08. The firm has a market capitalization of $107.84 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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 firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the firm posted $7.79 earnings per share. The company's revenue for the quarter was up 24.4% on a year-over-year basis. On average, equities analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given 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 1.09%. Lam Research's dividend payout ratio (DPR) is presently 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.