Strategic Wealth Partners Ltd. Buys 6,827 Shares of Lam Research Co. (NASDAQ:LRCX)

Strategic Wealth Partners Ltd. lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 918.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,570 shares of the semiconductor company's stock after purchasing an additional 6,827 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Lam Research were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LRCX. McLean Asset Management Corp boosted its position in Lam Research by 6.3% in the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after buying an additional 302 shares during the period. Fairway Wealth LLC increased its stake in shares of Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 307 shares in the last quarter. Financial Perspectives Inc raised its position in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its stake in Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 0.3%

NASDAQ:LRCX traded down $0.23 during trading hours on Thursday, hitting $82.56. The company had a trading volume of 6,239,953 shares, compared to its average volume of 12,236,506. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a market capitalization of $105.60 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The stock has a 50-day moving average price of $72.76 and a 200 day moving average price of $75.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

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. 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%. The company's revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.79 EPS. On average, 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. Shareholders of record on Wednesday, June 18th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.11%. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Argus upgraded shares of Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the company a "hold" rating in a research report on Thursday, April 24th. Bank of America reduced their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Oppenheimer dropped their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.56.

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.