Four Tree Island Advisory LLC Has $18.57 Million Stake in Lam Research Corporation (NASDAQ:LRCX)

Four Tree Island Advisory LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 255,366 shares of the semiconductor company's stock after acquiring an additional 11,217 shares during the period. Lam Research comprises about 13.0% of Four Tree Island Advisory LLC's portfolio, making the stock its 4th biggest position. Four Tree Island Advisory LLC's holdings in Lam Research were worth $18,565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Smallwood Wealth Investment Management LLC bought a new position in Lam Research in the first quarter worth approximately $26,000. West Paces Advisors Inc. bought a new position in Lam Research in the fourth quarter worth approximately $27,000. Mpwm Advisory Solutions LLC bought a new position in Lam Research in the fourth quarter worth approximately $27,000. Park Square Financial Group LLC bought a new position in Lam Research in the fourth quarter worth approximately $31,000. Finally, Putney Financial Group LLC bought a new position in Lam Research in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX traded up $0.58 during trading hours on Thursday, reaching $97.68. The stock had a trading volume of 5,206,689 shares, compared to its average volume of 11,933,482. 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 stock has a 50 day simple moving average of $91.98 and a 200 day simple moving average of $81.35. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $102.59. The stock has a market cap of $124.94 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.38 and a beta of 1.68.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the business posted $7.79 earnings per share. The business's revenue for the quarter was up 24.4% on a year-over-year basis. On average, research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LRCX shares. Bank of America dropped their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their target price on Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Argus upgraded Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft set a $70.00 target price on Lam Research and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Evercore ISI raised their target price on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Seven investment 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.57.

Lam Research 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.