Focus Partners Advisor Solutions LLC Has $856,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

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

A number of other hedge funds have also recently made changes to their positions in LRCX. One Charles Private Wealth Services LLC boosted its position in Lam Research by 843.4% in the 4th quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock valued at $289,000 after buying an additional 3,576 shares during the period. Atomi Financial Group Inc. lifted its position in shares of Lam Research by 1,260.8% during the 4th quarter. Atomi Financial Group Inc. now owns 9,049 shares of the semiconductor company's stock worth $654,000 after purchasing an additional 8,384 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Lam Research by 1,104.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 19,710 shares of the semiconductor company's stock worth $1,424,000 after purchasing an additional 18,074 shares during the last quarter. Dakota Wealth Management lifted its position in shares of Lam Research by 833.1% during the 4th quarter. Dakota Wealth Management now owns 15,153 shares of the semiconductor company's stock worth $1,095,000 after purchasing an additional 13,529 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Lam Research by 897.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,054 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,848 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LRCX. Sanford C. Bernstein raised shares of 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 research report on Thursday, January 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. Argus upgraded shares of Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price objective for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Finally, TD Securities dropped their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Stock Performance

NASDAQ:LRCX traded up $2.88 during mid-day trading on Tuesday, hitting $83.94. The stock had a trading volume of 9,525,842 shares, compared to its average volume of 12,249,832. The stock has a market capitalization of $107.37 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.47 and a beta of 1.64. The company has a 50 day simple moving average of $72.98 and a 200-day simple moving average of $75.72. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Lam Research's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm posted $7.79 EPS. On average, research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

About Lam Research

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.