Paragon Advisors LLC Sells 4,725 Shares of Lam Research Co. (NASDAQ:LRCX)

Paragon Advisors LLC decreased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 14.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,645 shares of the semiconductor company's stock after selling 4,725 shares during the period. Paragon Advisors LLC's holdings in Lam Research were worth $2,082,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Financial Perspectives Inc grew its stake in shares of Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after buying an additional 309 shares during the last quarter. Fairway Wealth LLC grew 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 last quarter. Midwest Capital Advisors LLC purchased a new position in Lam Research in the 4th quarter worth approximately $27,000. West Paces Advisors Inc. bought a new stake in Lam Research in the fourth quarter valued at approximately $27,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research during the fourth quarter valued at approximately $27,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded up $2.70 during midday trading on Tuesday, reaching $91.00. 11,116,632 shares of the company's stock traded hands, compared to its average volume of 12,290,838. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00. The stock has a 50 day moving average of $74.80 and a 200 day moving average of $76.53. The company has a market cap of $116.40 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 1.47 and a beta of 1.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the firm posted $7.79 EPS. The business's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio is presently 25.63%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD Securities reduced their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Evercore ISI upped their target price on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. UBS Group cut their price target on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group boosted 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. Finally, Barclays dropped their target price on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Seven research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.87.

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.