Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 4,087.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,850 shares of the semiconductor company's stock after buying an additional 11,567 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Lam Research were worth $856,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LRCX. Centerpoint Advisors LLC lifted its position in Lam Research by 900.0% during 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 during the period. E. Ohman J or Asset Management AB acquired a new position in shares of Lam Research in the fourth quarter worth about $4,258,000. Huntington National Bank raised its position in shares of Lam Research by 944.0% in the fourth quarter. Huntington National Bank now owns 294,762 shares of the semiconductor company's stock worth $21,291,000 after acquiring an additional 266,527 shares during the period. ICICI Prudential Asset Management Co Ltd raised its position in shares of Lam Research by 1,401.1% in 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 acquiring an additional 65,780 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Lam Research by 781.9% in the fourth quarter. Cerity Partners LLC now owns 331,170 shares of the semiconductor company's stock worth $23,920,000 after acquiring an additional 293,619 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of LRCX stock traded up $0.74 during mid-day trading on Thursday, hitting $84.74. The stock had a trading volume of 2,694,827 shares, compared to its average volume of 12,210,407. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The firm has a market cap of $108.39 billion, a PE ratio of 25.72, a PEG ratio of 1.47 and a beta of 1.64. 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 company's 50-day simple moving average is $73.27 and its 200-day simple moving average is $75.83.

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, 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 during the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter last year, the business earned $7.79 EPS. The business's revenue was up 24.4% on a year-over-year basis. Sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is 25.63%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LRCX shares. B. Riley reiterated a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Argus raised shares of Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Bank of America dropped their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. TD Cowen dropped their price target on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 price objective on shares of Lam Research and gave the stock a "hold" rating in a report on Thursday, April 24th. Seven investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.