OneDigital Investment Advisors LLC Grows Holdings in Lam Research Corporation (NASDAQ:LRCX)

OneDigital Investment Advisors LLC lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 29.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,777 shares of the semiconductor company's stock after acquiring an additional 3,153 shares during the period. OneDigital Investment Advisors LLC's holdings in Lam Research were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC lifted its stake in Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Lam Research in the 1st quarter valued at approximately $26,000. West Paces Advisors Inc. bought a new position in Lam Research in the 4th quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC bought a new position in Lam Research in the 4th quarter valued at approximately $27,000. Finally, Avalon Trust Co increased its position in Lam Research by 791.3% in the 4th 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. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Down 0.0%

Shares of NASDAQ LRCX traded down $0.02 during mid-day trading on Wednesday, reaching $99.81. 7,321,245 shares of the company's stock traded hands, compared to its average volume of 12,342,430. The stock has a market cap of $127.67 billion, a P/E ratio of 27.82, a PEG ratio of 1.38 and a beta of 1.68. The business has a 50-day simple moving average of $86.81 and a 200 day simple moving average of $79.35. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $113.00. 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 issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating 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 net margin of 27.18% and a return on equity of 53.21%. The business's revenue was up 24.4% on a year-over-year basis. During the same period last year, the company earned $7.79 earnings per share. On average, analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is currently 25.63%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LRCX. Cantor Fitzgerald restated an "overweight" rating and issued a $115.00 price target (up from $90.00) on shares of Lam Research in a research report on Tuesday, June 24th. TD Securities decreased 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 report on Thursday, April 24th. Wells Fargo & Company upped their price target on shares of Lam Research from $75.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday. UBS Group decreased their price target on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Oppenheimer restated an "outperform" rating and issued a $110.00 price target (up from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $96.05.

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.