Integrated Advisors Network LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 46.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,449 shares of the semiconductor company's stock after buying an additional 5,517 shares during the period. Integrated Advisors Network LLC's holdings in Lam Research were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in LRCX. One Charles Private Wealth Services LLC increased its position in Lam Research by 843.4% in the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock worth $289,000 after buying an additional 3,576 shares during the last quarter. Brighton Jones LLC increased its holdings in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Stephens Inc. AR raised its stake in Lam Research by 1,410.7% in the 4th quarter. Stephens Inc. AR now owns 6,194 shares of the semiconductor company's stock valued at $447,000 after acquiring an additional 5,784 shares during the period. Savant Capital LLC raised its stake in Lam Research by 893.5% in the 4th quarter. Savant Capital LLC now owns 22,790 shares of the semiconductor company's stock valued at $1,646,000 after acquiring an additional 20,496 shares during the period. Finally, Essex Financial Services Inc. purchased a new stake in Lam Research during the fourth quarter valued at about $400,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.
Lam Research Stock Performance
Shares of LRCX stock traded down $2.14 during trading hours on Friday, reaching $89.52. The stock had a trading volume of 10,977,636 shares, compared to its average volume of 12,281,014. The firm has a 50-day simple moving average of $76.55 and a 200-day simple moving average of $76.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The firm has a market capitalization of $114.51 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.47 and a beta of 1.65. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00.
Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business's quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the business earned $7.79 earnings per share. As a group, equities analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.
Lam Research Announces Dividend
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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on LRCX. Evercore ISI raised their price target on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a report on Thursday, April 24th. B. Riley reissued a "buy" rating on shares of Lam Research in a research note on Thursday, April 24th. Morgan Stanley upped their target price on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Finally, Stifel Nicolaus lowered their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.87.
Read Our Latest Analysis on LRCX
Lam Research Company Profile
(
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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