Nisa Investment Advisors LLC Has $30.41 Million Holdings in Lam Research Corporation (NASDAQ:LRCX)

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

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC grew its stake in 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 purchasing an additional 306 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research during the first quarter worth approximately $26,000. West Paces Advisors Inc. acquired a new position in shares of Lam Research during the fourth quarter worth approximately $27,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research during the fourth quarter worth approximately $27,000. Finally, Avalon Trust Co boosted its position in shares of Lam Research by 791.3% during the fourth quarter. Avalon Trust Co now owns 410 shares of the semiconductor company's stock worth $30,000 after buying an additional 364 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LRCX. Bank of America reduced their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley boosted their price objective on Lam Research from $82.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Oppenheimer reiterated an "outperform" rating and set a $110.00 price objective (up from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. TD Cowen reduced their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Stifel Nicolaus dropped their target price on Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.48.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $0.67 during trading on Friday, hitting $101.73. The company had a trading volume of 6,202,556 shares, compared to its average volume of 12,332,847. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $109.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45. The company has a market cap of $130.12 billion, a P/E ratio of 28.35, a PEG ratio of 1.43 and a beta of 1.68. The business's 50-day moving average is $88.50 and its 200 day moving average is $79.87.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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 net margin of 27.18% and a return on equity of 53.21%. The firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. During the same period in the previous year, the company posted $7.79 EPS. The company's quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Wednesday, June 18th. Lam Research's dividend payout ratio is presently 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.