Lmcg Investments LLC Reduces Holdings in Lam Research Co. (NASDAQ:LRCX)

Lmcg Investments LLC decreased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,267 shares of the semiconductor company's stock after selling 15,133 shares during the quarter. Lmcg Investments LLC's holdings in Lam Research were worth $7,508,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Wealth Asset Management LLC raised its holdings in shares of Lam Research by 1.9% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 13,243 shares of the semiconductor company's stock worth $963,000 after acquiring an additional 248 shares in the last quarter. Paladin Wealth LLC lifted its position in Lam Research by 4.0% during the first quarter. Paladin Wealth LLC now owns 7,489 shares of the semiconductor company's stock valued at $544,000 after purchasing an additional 289 shares during the last quarter. Fairway Wealth LLC lifted its position in Lam Research by 900.0% during the fourth 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. Financial Perspectives Inc grew its stake in shares of Lam Research by 908.8% in 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. Finally, Bell Investment Advisors Inc increased its holdings in shares of Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after buying an additional 343 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LRCX shares. Stifel Nicolaus lowered their price target on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group lifted their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Oppenheimer decreased their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. TD Securities dropped their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI increased their target price on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Stock Up 1.7%

Shares of LRCX traded up $1.44 during mid-day trading on Friday, hitting $86.35. The company's stock had a trading volume of 7,875,825 shares, compared to its average volume of 12,243,995. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company's 50-day moving average is $74.24 and its 200-day moving average is $76.24. Lam Research Co. has a 52-week low of $56.32 and a 52-week high of $113.00. The firm has a market capitalization of $110.45 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.47 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Lam Research's revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.79 earnings per share. On average, equities research analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is currently 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.