Versant Capital Management Inc Has $456,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Versant Capital Management Inc raised its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 185.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,267 shares of the semiconductor company's stock after buying an additional 4,069 shares during the period. Versant Capital Management Inc's holdings in Lam Research were worth $456,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LRCX. Financial Perspectives Inc grew its position in shares of Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Fairway Wealth LLC grew its position in shares of Lam Research by 900.0% in 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 last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. West Paces Advisors Inc. acquired a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.4%

Shares of LRCX stock traded up $1.18 on Tuesday, hitting $83.66. The stock had a trading volume of 8,912,776 shares, compared to its average volume of 12,540,918. Lam Research Co. has a twelve month low of $56.32 and a twelve month high of $113.00. The firm has a market cap of $107.01 billion, a P/E ratio of 25.41, a PEG ratio of 1.47 and a beta of 1.64. 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 company has a fifty day moving average price of $73.58 and a two-hundred day moving average price of $76.03.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company's revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.79 EPS. As a group, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. Lam Research's dividend payout ratio is 25.63%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LRCX. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a "hold" rating in a research report on Thursday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, April 24th. TD Securities decreased 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. Wells Fargo & Company decreased their target price on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.