Nilsine Partners LLC Purchases 9,022 Shares of Lam Research Corporation (NASDAQ:LRCX)

Nilsine Partners LLC increased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 128,223 shares of the semiconductor company's stock after buying an additional 9,022 shares during the quarter. Lam Research accounts for approximately 1.0% of Nilsine Partners LLC's portfolio, making the stock its 20th largest holding. Nilsine Partners LLC's holdings in Lam Research were worth $9,322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fairway Wealth LLC lifted its holdings 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. West Paces Advisors Inc. purchased a new stake in Lam Research during the fourth quarter valued at about $27,000. Mpwm Advisory Solutions LLC purchased a new stake in Lam Research during the fourth quarter valued at about $27,000. Midwest Capital Advisors LLC purchased a new stake in Lam Research during the fourth quarter valued at about $27,000. Finally, Bell Investment Advisors Inc lifted its holdings in Lam Research by 836.6% during the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LRCX. Argus raised shares of Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Stifel Nicolaus decreased their price objective on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Evercore ISI upped their price objective on shares of Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Oppenheimer reiterated an "outperform" rating and set a $110.00 price target (up from $80.00) on shares of Lam Research in a research report on Tuesday. Finally, Jefferies Financial Group increased their price target 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. Seven investment 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $92.78.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $90.49 on Friday. Lam Research Corporation 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 0.39, a current ratio of 2.45 and a quick ratio of 1.64. The business has a fifty day moving average price of $79.62 and a 200-day moving average price of $77.57. The company has a market capitalization of $115.75 billion, a PE ratio of 25.22, a PEG ratio of 1.30 and a beta of 1.65.

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 analysts' consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.79 EPS. As a group, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

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 paid a dividend of $0.23 per share. 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 1.02%. Lam Research's dividend 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.

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