Lam Research Corporation (NASDAQ:LRCX) Stock Position Raised by Montag A & Associates Inc.

Montag A & Associates Inc. increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 129.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,833 shares of the semiconductor company's stock after acquiring an additional 23,035 shares during the quarter. Montag A & Associates Inc.'s holdings in Lam Research were worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Citizens National Bank Trust Department increased its position in shares of Lam Research by 34.0% during the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 153 shares during the period. Cassaday & Co Wealth Management LLC grew its holdings in shares of Lam Research by 2.1% during the first quarter. Cassaday & Co Wealth Management LLC now owns 7,823 shares of the semiconductor company's stock worth $569,000 after purchasing an additional 163 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in shares of Lam Research by 0.4% during the first quarter. SteelPeak Wealth LLC now owns 42,064 shares of the semiconductor company's stock worth $3,068,000 after purchasing an additional 178 shares during the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Lam Research by 2.3% during the first quarter. Transcend Capital Advisors LLC now owns 8,065 shares of the semiconductor company's stock worth $586,000 after purchasing an additional 182 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its holdings in shares of Lam Research by 0.6% during the first quarter. Capital Advisors Inc. OK now owns 29,927 shares of the semiconductor company's stock worth $2,176,000 after purchasing an additional 183 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LRCX has been the subject of several recent research reports. Mizuho increased their target price on shares of Lam Research from $100.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. TD Securities decreased their target price 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. Oppenheimer restated an "outperform" rating and issued a $110.00 price objective (up previously from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. The Goldman Sachs Group assumed coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective for the company. Finally, TD Cowen reduced their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $100.57.

Lam Research Stock Performance

Lam Research stock traded up $0.64 during midday trading on Thursday, reaching $97.74. 3,263,918 shares of the stock traded hands, compared to its average volume of 11,918,326. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $91.98 and a two-hundred day moving average price of $81.35. The firm has a market cap of $125.02 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.38 and a beta of 1.68. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $102.59.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued 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 company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 27.18% and a return on equity of 53.21%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business posted $7.79 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current 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 paid 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 dividend payout ratio is presently 25.63%.

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.