Sagespring Wealth Partners LLC Has $923,000 Holdings in Lam Research Corporation (NASDAQ:LRCX)

Sagespring Wealth Partners LLC raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 66.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,696 shares of the semiconductor company's stock after buying an additional 5,062 shares during the period. Sagespring Wealth Partners LLC's holdings in Lam Research were worth $923,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LRCX. Financial Perspectives Inc lifted its position in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after buying an additional 309 shares in the last quarter. Fairway Wealth LLC raised its stake in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth approximately $27,000. West Paces Advisors Inc. bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $27,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Down 0.5%

NASDAQ LRCX traded down $0.42 during trading hours on Thursday, reaching $92.24. 9,373,055 shares of the company's stock were exchanged, compared to its average volume of 12,291,497. 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 company has a market capitalization of $117.99 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.30 and a beta of 1.65. The company's 50-day moving average is $78.65 and its two-hundred day moving average is $77.39. Lam Research Corporation has a one year low of $56.32 and a one year high of $113.00.

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, topping the consensus estimate of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 27.18% and a return on equity of 53.21%. The firm's revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.79 earnings per share. On average, analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.00%. Lam Research's dividend payout ratio is currently 25.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LRCX shares. Mizuho upped their price objective on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. Barclays lowered their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. TD Cowen cut their target price on shares of 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, B. Riley reaffirmed a "buy" rating and issued a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research note on Wednesday. Seven 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.78.

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.