Nwam LLC Grows Position in Lam Research Corporation (NASDAQ:LRCX)

Nwam LLC boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 88.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,623 shares of the semiconductor company's stock after purchasing an additional 6,381 shares during the period. Nwam LLC's holdings in Lam Research were worth $990,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LRCX. One Charles Private Wealth Services LLC grew its position in shares of Lam Research by 843.4% during the 4th quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock worth $289,000 after buying an additional 3,576 shares during the period. Brighton Jones LLC boosted its holdings in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Harbour Investments Inc. acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $206,000. Axxcess Wealth Management LLC boosted its holdings in shares of Lam Research by 632.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,910 shares of the semiconductor company's stock valued at $571,000 after buying an additional 6,830 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Lam Research by 273.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 97,121 shares of the semiconductor company's stock valued at $7,202,000 after buying an additional 71,144 shares during the period. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LRCX has been the topic of several analyst reports. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on shares of Lam Research and gave the stock a "hold" rating in a research report on Thursday, April 24th. Stifel Nicolaus dropped 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. Citigroup reissued a "buy" rating and issued a $108.00 price objective (up from $87.00) on shares of Lam Research in a research report on Monday, July 7th. Finally, Wells Fargo & Company increased their price objective on shares of Lam Research from $75.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.57.

Lam Research Stock Down 4.0%

LRCX traded down $4.05 during mid-day trading on Tuesday, reaching $97.69. 14,150,832 shares of the stock were exchanged, compared to its average volume of 12,285,382. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45. The stock has a market capitalization of $124.96 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.68. The company has a 50 day moving average price of $91.10 and a two-hundred day moving average price of $80.94. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $102.59.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 27.18% and a return on equity of 53.21%. The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $7.79 EPS. As a group, research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, June 18th. Lam Research's dividend payout ratio is presently 25.63%.

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.