Mather Group LLC. Boosts Holdings in Lam Research Corporation (NASDAQ:LRCX)

Mather Group LLC. lifted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 134.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,985 shares of the semiconductor company's stock after buying an additional 21,779 shares during the quarter. Mather Group LLC.'s holdings in Lam Research were worth $2,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fairway Wealth LLC grew its holdings in 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 purchasing an additional 306 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research during the first quarter valued at approximately $26,000. West Paces Advisors Inc. bought a new stake in shares of Lam Research in the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc grew its stake 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.

Analyst Ratings Changes

A number of brokerages have issued reports on LRCX. Argus upgraded Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Evercore ISI lifted their price target on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Jefferies Financial Group increased their price objective on shares of Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, March 28th. Stifel Nicolaus decreased their target price 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. Finally, Oppenheimer reiterated an "outperform" rating and issued a $110.00 target price (up previously from $80.00) on shares of Lam Research in a research note on Tuesday, June 17th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $94.20.

Lam Research Stock Performance

Shares of LRCX stock traded down $0.17 during mid-day trading on Thursday, reaching $98.66. 5,028,931 shares of the company's stock traded hands, compared to its average volume of 12,346,776. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $113.00. The firm has a 50 day moving average price of $84.60 and a two-hundred day moving average price of $78.66. The firm has a market capitalization of $126.20 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the company posted $7.79 earnings per share. Lam Research's revenue for the quarter was up 24.4% on a year-over-year basis. On average, research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. 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.