New Age Alpha Advisors LLC Takes Position in Lam Research Corporation (NASDAQ:LRCX)

New Age Alpha Advisors LLC purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,253 shares of the semiconductor company's stock, valued at approximately $963,000.

Several other large investors have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter worth approximately $26,000. West Paces Advisors Inc. purchased a new position in shares of Lam Research in the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter worth approximately $31,000. Finally, Putney Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter worth approximately $36,000. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

LRCX opened at $101.75 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a fifty day moving average price of $95.53 and a 200 day moving average price of $83.03. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $102.59. The stock has a market cap of $130.15 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.29 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the business posted $1.03 EPS. The business's revenue was up 33.6% compared to the same quarter last year. Equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, June 18th. Lam Research's payout ratio is currently 22.12%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $115.00 price objective (up previously from $90.00) on shares of Lam Research in a research report on Tuesday, June 24th. Mizuho boosted their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Argus boosted their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, UBS Group boosted their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $107.09.

Lam Research Company 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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