Lam Research Corporation (NASDAQ:LRCX) Shares Sold by World Equity Group Inc.

World Equity Group Inc. trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 58.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,790 shares of the semiconductor company's stock after selling 7,990 shares during the period. World Equity Group Inc.'s holdings in Lam Research were worth $421,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Fairway Wealth LLC boosted its stake in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 306 shares during the period. West Paces Advisors Inc. bought a new position in Lam Research during the 4th quarter worth $27,000. Mpwm Advisory Solutions LLC acquired a new stake in Lam Research in the fourth quarter worth $27,000. Midwest Capital Advisors LLC bought a new stake in Lam Research in the fourth quarter valued at $27,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 343 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

NASDAQ LRCX opened at $90.49 on Friday. The stock has a market capitalization of $115.75 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.27 and a beta of 1.65. 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 business's fifty day moving average is $79.62 and its two-hundred day moving average is $77.57. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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 company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the previous year, the firm earned $7.79 earnings per share. Lam Research's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced 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 1.02%. The ex-dividend date is Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is currently 25.63%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. Bank of America reduced their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley raised their target price on Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Argus upgraded Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Jefferies Financial Group raised their price target on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.

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