Gould Capital LLC Has $1.15 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Gould Capital LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 51,071.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,863 shares of the semiconductor company's stock after purchasing an additional 15,832 shares during the quarter. Gould Capital LLC's holdings in Lam Research were worth $1,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McLean Asset Management Corp boosted its position in Lam Research by 6.3% during the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 302 shares during the period. Fairway Wealth LLC boosted its position in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares during the period. Financial Perspectives Inc grew its stake in shares of Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares in the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after buying an additional 343 shares during the period. Finally, Country Trust Bank raised its holdings in shares of Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock valued at $29,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX traded down $4.26 during midday trading on Friday, hitting $79.90. 6,333,388 shares of the stock traded hands, compared to its average volume of 12,502,249. The business's 50 day moving average price is $73.40 and its two-hundred day moving average price is $75.89. The firm has a market capitalization of $102.20 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 1-year low of $56.32 and a 1-year 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 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the firm posted $7.79 earnings per share. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. Equities research analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is currently 25.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus decreased their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price target on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. B. Riley reiterated a "buy" rating on shares of Lam Research in a report on Thursday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. Finally, Argus raised Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Seven 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, Lam Research currently has an average rating of "Moderate Buy" and a consensus 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.