Little House Capital LLC Increases Holdings in Lam Research Corporation (NASDAQ:LRCX)

Little House Capital LLC lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,199 shares of the semiconductor company's stock after acquiring an additional 5,324 shares during the quarter. Little House Capital LLC's holdings in Lam Research were worth $1,396,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC raised its position in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 306 shares during the last quarter. West Paces Advisors Inc. acquired a new position in shares of Lam Research during the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research during the 4th quarter worth approximately $27,000. Bell Investment Advisors Inc raised its position in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 343 shares during the last quarter. Finally, Avalon Trust Co raised its position in shares of Lam Research by 791.3% during the 4th quarter. Avalon Trust Co now owns 410 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 364 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the subject of several analyst reports. Argus upgraded Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Stifel Nicolaus cut their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. TD Securities cut their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays cut their price target on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, TD Cowen cut their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.97.

Lam Research Stock Performance

NASDAQ:LRCX opened at $97.20 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64. The firm has a 50-day moving average of $82.59 and a two-hundred day moving average of $78.22. The stock has a market cap of $124.33 billion, a P/E ratio of 27.09, a PEG ratio of 1.36 and a beta of 1.65. 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 posted its quarterly earnings data 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 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 firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $7.79 EPS. On average, research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 0.95%. Lam Research's dividend payout ratio (DPR) is 25.63%.

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.

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