Shufro Rose & Co. LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the semiconductor company's stock after purchasing an additional 6,300 shares during the period. Shufro Rose & Co. LLC's holdings in Lam Research were worth $506,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Fairway Wealth LLC lifted its position 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 period. Financial Perspectives Inc lifted its holdings in shares of Lam Research by 908.8% during the 4th 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 period. West Paces Advisors Inc. bought a new position in shares of Lam Research during the 4th quarter valued at $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the 4th quarter worth $27,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Lam Research in the fourth quarter worth $27,000. Institutional investors own 84.61% of the company's stock.
Lam Research Trading Down 4.6%
NASDAQ:LRCX traded down $3.84 during mid-day trading on Friday, hitting $80.32. 19,188,650 shares of the stock traded hands, compared to its average volume of 12,266,789. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00. The stock has a market capitalization of $102.74 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.47 and a beta of 1.64. The firm's 50 day moving average is $73.45 and its two-hundred day moving average is $75.94.
Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the business earned $7.79 earnings per share. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, equities research analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.
Lam Research Dividend Announcement
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, June 18th. Lam Research's dividend payout ratio is currently 25.63%.
Wall Street Analyst Weigh In
LRCX has been the topic of a number of recent research reports. TD Securities dropped their target price on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. B. Riley reiterated a "buy" rating on shares of Lam Research in a research note on Thursday, April 24th. Barclays cut 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. Evercore ISI upped their target price on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Needham & Company LLC dropped their price target on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Seven equities 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 company. Based on data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $91.56.
Check Out Our Latest Stock Analysis on Lam Research
Lam Research Company Profile
(
Free Report)
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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