Tema Etfs LLC Takes Position in Lam Research Co. (NASDAQ:LRCX)

Tema Etfs LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,264 shares of the semiconductor company's stock, valued at approximately $452,000.

Several other hedge funds have also recently added to or reduced their stakes in LRCX. Fairway Wealth LLC raised its stake in Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after buying an additional 306 shares during the last quarter. Financial Perspectives Inc raised its position in shares of Lam Research by 908.8% in 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 in the last quarter. Atwood & Palmer Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at about $27,000. West Paces Advisors Inc. bought a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Lam Research during the fourth quarter worth approximately $27,000. Institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group cut their price target on Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Argus upgraded Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price objective for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Needham & Company LLC reduced their price objective on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Jefferies Financial Group upped their target price on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Stock Performance

Shares of Lam Research stock traded down $2.10 during trading hours on Friday, hitting $80.46. 3,166,163 shares of the company's stock traded hands, compared to its average volume of 12,213,917. The stock has a market capitalization of $102.92 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a fifty day simple moving average of $72.85 and a 200-day simple moving average of $75.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $7.79 earnings per share. The company's revenue for the quarter was up 24.4% on a year-over-year basis. 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. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is currently 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.