Lam Research Corporation (NASDAQ:LRCX) Shares Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC increased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 62.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,009 shares of the semiconductor company's stock after buying an additional 3,835 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Lam Research were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Citizens National Bank Trust Department boosted its position in shares of Lam Research by 34.0% in the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after buying an additional 153 shares during the period. SteelPeak Wealth LLC grew its position in Lam Research by 0.4% in the first quarter. SteelPeak Wealth LLC now owns 42,064 shares of the semiconductor company's stock valued at $3,068,000 after acquiring an additional 178 shares in the last quarter. Transcend Capital Advisors LLC raised its stake 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 valued at $586,000 after purchasing an additional 182 shares during the period. Capital Advisors Inc. OK lifted its position 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 in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Lam Research by 33.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 800 shares of the semiconductor company's stock valued at $58,000 after purchasing an additional 200 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LRCX. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on shares of Lam Research and gave the stock a "hold" rating in a report on Thursday, April 24th. Needham & Company LLC cut their price target on Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. TD Cowen lowered their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Securities cut their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley lifted their price target on shares of Lam Research from $82.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Seven 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 MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.14.

Lam Research Stock Down 0.1%

LRCX stock opened at $100.66 on Friday. The stock has a market cap of $128.76 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68. The firm's 50-day simple moving average is $91.10 and its 200 day simple moving average is $80.82. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $102.19. The company has a quick ratio of 1.64, a current ratio of 2.45 and a debt-to-equity ratio of 0.39.

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, beating analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion for 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%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.79 earnings per share. As a group, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were paid a $0.23 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.91%. Lam Research's payout ratio is 25.63%.

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.

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