Green Alpha Advisors LLC raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 81.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,730 shares of the semiconductor company's stock after buying an additional 20,071 shares during the period. Lam Research comprises about 3.5% of Green Alpha Advisors LLC's portfolio, making the stock its 7th largest holding. Green Alpha Advisors LLC's holdings in Lam Research were worth $3,252,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC increased its holdings in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Financial Perspectives Inc raised its position in Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the period. West Paces Advisors Inc. acquired a new position in Lam Research during the 4th quarter worth about $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. Finally, Midwest Capital Advisors LLC purchased a new position in Lam Research in the 4th quarter valued at approximately $27,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
Lam Research Stock Performance
Shares of NASDAQ:LRCX traded up $1.10 during midday trading on Thursday, hitting $85.87. The company's stock had a trading volume of 4,574,882 shares, compared to its average volume of 12,433,328. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock's 50 day simple moving average is $74.00 and its 200 day simple moving average is $76.14. The stock has a market capitalization of $109.84 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00.
Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period in the previous year, the company earned $7.79 earnings per share. The company's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.
Lam Research Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.07%. Lam Research's dividend payout ratio is 25.63%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on LRCX. Needham & Company LLC lowered their target price on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Mizuho boosted their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. B. Riley reissued a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and lifted their price target for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their target price on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock 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 given a strong buy rating to the stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.
View Our Latest Research Report on LRCX
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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