Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 27.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,139 shares of the semiconductor company's stock after acquiring an additional 9,846 shares during the period. Capital Investment Advisors LLC's holdings in Lam Research were worth $3,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRCX. One Charles Private Wealth Services LLC grew its holdings in Lam Research by 843.4% during the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock worth $289,000 after acquiring an additional 3,576 shares during the period. Brighton Jones LLC grew its holdings in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in Lam Research in the fourth quarter valued at $280,000. Strategic Financial Concepts LLC acquired a new stake in Lam Research in the fourth quarter valued at $1,775,000. Finally, Golden State Wealth Management LLC acquired a new stake in Lam Research in the fourth quarter valued at $137,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LRCX. Wells Fargo & Company lowered their target price on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Argus raised Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and upped their target price for the company from $75.00 to $125.00 in a report on Thursday, February 20th. Mizuho upped their target price on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, B. Riley reissued a "buy" rating on shares of Lam Research in a report on Thursday, April 24th. Seven equities 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.87.

Lam Research Stock Performance

NASDAQ LRCX opened at $86.35 on Monday. The business's 50-day moving average price is $74.51 and its 200 day moving average price is $76.42. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The company has a market capitalization of $110.45 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.47 and a beta of 1.65. 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 released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the business posted $7.79 earnings per share. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given 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 (DPR) is presently 25.63%.

Lam Research 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.

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