Pacific Point Advisors LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Pacific Point Advisors LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,200 shares of the semiconductor company's stock, valued at approximately $416,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Perspectives Inc lifted its position in Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 309 shares during the period. Fairway Wealth LLC lifted its position in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 306 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Lam Research during the 4th quarter worth about $27,000. West Paces Advisors Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at about $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $82.56 on Friday. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $105.60 billion, a P/E ratio of 25.08, a PEG ratio of 1.47 and a beta of 1.64. The firm's 50 day moving average is $72.85 and its two-hundred day moving average is $75.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the business earned $7.79 earnings per share. The business's revenue for the quarter was up 24.4% on a year-over-year basis. Analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LRCX shares. UBS Group decreased their price objective on Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays decreased their price objective on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Oppenheimer cut their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Stifel Nicolaus cut their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group lifted their price target on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 28th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.

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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