Integrated Advisors Network LLC Has $862,000 Position in Lam Research Co. (NASDAQ:LRCX)

Integrated Advisors Network LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 81.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,932 shares of the semiconductor company's stock after purchasing an additional 5,350 shares during the quarter. Integrated Advisors Network LLC's holdings in Lam Research were worth $862,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centerpoint Advisors LLC lifted its holdings in shares of Lam Research by 900.0% in the fourth quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 900 shares in the last quarter. E. Ohman J or Asset Management AB purchased a new stake in Lam Research in the 4th quarter valued at approximately $4,258,000. Huntington National Bank grew its holdings in Lam Research by 944.0% during the 4th quarter. Huntington National Bank now owns 294,762 shares of the semiconductor company's stock valued at $21,291,000 after buying an additional 266,527 shares during the last quarter. ICICI Prudential Asset Management Co Ltd increased its position in Lam Research by 1,401.1% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 70,475 shares of the semiconductor company's stock worth $5,090,000 after buying an additional 65,780 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Lam Research by 781.9% during the fourth quarter. Cerity Partners LLC now owns 331,170 shares of the semiconductor company's stock valued at $23,920,000 after acquiring an additional 293,619 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 0.2%

Shares of Lam Research stock traded up $0.16 during trading on Thursday, reaching $84.16. The stock had a trading volume of 8,238,101 shares, compared to its average volume of 12,231,941. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $107.65 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The stock has a fifty day moving average price of $73.27 and a two-hundred day moving average price of $75.83.

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 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 firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. During the same period in the previous year, the firm posted $7.79 EPS. The company's revenue for the quarter was up 24.4% on a year-over-year basis. Sell-side analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's payout ratio is currently 25.63%.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. B. Riley reiterated a "buy" rating on shares of Lam Research in a report on Thursday, April 24th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Morgan Stanley raised their price objective on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Oppenheimer dropped their target price on Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, TD Securities reduced their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Seven investment 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, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $91.56.

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.