Nisa Investment Advisors LLC decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC raised its holdings 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 purchasing an additional 306 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research in the first quarter valued at $26,000. West Paces Advisors Inc. purchased a new position in Lam Research in the fourth quarter valued at $27,000. Mpwm Advisory Solutions LLC purchased a new position in Lam Research in the fourth quarter valued at $27,000. Finally, Avalon Trust Co increased its holdings in 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 buying an additional 364 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Oppenheimer reissued an "outperform" rating and set a $110.00 target price (up previously from $80.00) on shares of Lam Research in a research note on Tuesday, June 17th. UBS Group decreased their price objective on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Argus raised Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. TD Securities cut their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on Lam Research from $75.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus price target of $97.48.
Read Our Latest Stock Report on LRCX
Lam Research Trading Up 0.7%
Shares of NASDAQ:LRCX traded up $0.67 during trading on Friday, reaching $101.73. 6,202,556 shares of the stock were exchanged, compared to its average volume of 12,344,380. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $108.23. The firm has a market cap of $130.12 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.68. The firm's 50-day moving average price is $88.50 and its 200 day moving average price is $79.96.
Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. Lam Research's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.79 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.
Lam Research Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is presently 25.63%.
Lam Research Profile
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Free Report)
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.
Further Reading
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