Marshall Financial Group LLC Buys Shares of 32,252 Lam Research Co. (NASDAQ:LRCX)

Marshall Financial Group LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 32,252 shares of the semiconductor company's stock, valued at approximately $2,345,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Perspectives Inc increased its position in shares of Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Fairway Wealth LLC raised its holdings in shares of Lam Research by 900.0% in the 4th 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 period. Midwest Capital Advisors LLC bought a new position in shares of Lam Research during the 4th quarter worth approximately $27,000. West Paces Advisors Inc. bought a new position in shares of Lam Research in the fourth quarter valued at about $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Lam Research during the fourth quarter worth approximately $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Down 2.3%

Shares of LRCX traded down $2.14 during midday trading on Friday, reaching $89.52. The stock had a trading volume of 10,977,636 shares, compared to its average volume of 12,281,014. The company's fifty day simple moving average is $76.55 and its two-hundred day simple moving average is $76.85. The company has a market cap of $114.51 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.47 and a beta of 1.65. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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 for 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%. The firm'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 earned $7.79 EPS. Equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.03%. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LRCX shares. Susquehanna raised shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price objective for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a "hold" rating in a research report on Thursday, April 24th. Evercore ISI lifted their target price on shares of Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. Finally, Barclays reduced their target price on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.87.

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.