Nisa Investment Advisors LLC Cuts Stock Holdings in Lam Research Corporation (NASDAQ:LRCX)

Nisa Investment Advisors LLC trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,020 shares of the semiconductor company's stock after selling 9,944 shares during the quarter. Nisa Investment Advisors LLC's holdings in Lam Research were worth $30,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. 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 valued at $25,000 after acquiring an additional 306 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research in the first quarter valued at about $26,000. West Paces Advisors Inc. bought a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. Finally, Avalon Trust Co boosted its position in shares of Lam Research by 791.3% in the fourth quarter. Avalon Trust Co now owns 410 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 364 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

Shares of Lam Research stock traded up $1.25 during trading hours on Thursday, hitting $101.06. 6,568,595 shares of the company's stock traded hands, compared to its average volume of 12,362,125. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $113.00. The stock has a market capitalization of $129.27 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.41 and a beta of 1.68. The company has a fifty day simple moving average of $87.37 and a 200-day simple moving average of $79.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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 53.21% and a net margin of 27.18%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the firm posted $7.79 EPS. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, June 18th. Lam Research's payout ratio is presently 25.63%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LRCX shares. Stifel Nicolaus cut their price objective on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. 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. Needham & Company LLC dropped their price target on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays decreased their target price on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group increased their target price on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, March 28th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.48.

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.