Vise Technologies Inc. Takes $1.57 Million Position in Lam Research Co. (NASDAQ:LRCX)

Vise Technologies Inc. bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,684 shares of the semiconductor company's stock, valued at approximately $1,566,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LRCX. McLean Asset Management Corp raised its holdings in Lam Research by 6.3% during the 4th quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock valued at $370,000 after buying an additional 302 shares during the last quarter. Fairway Wealth LLC raised its holdings in Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after buying an additional 306 shares during the last quarter. Financial Perspectives Inc raised its holdings in 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 last quarter. Bell Investment Advisors Inc raised its holdings in Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after buying an additional 343 shares during the last quarter. Finally, Country Trust Bank raised its holdings in Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock valued at $29,000 after buying an additional 360 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the subject of several research reports. Evercore ISI upped their price objective on shares of Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Bank of America decreased their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. TD Cowen decreased their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Oppenheimer decreased their price objective on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, 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. Seven investment 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, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Stock Up 0.9%

Shares of LRCX stock traded up $0.74 on Thursday, hitting $84.74. The stock had a trading volume of 2,694,827 shares, compared to its average volume of 12,210,407. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $73.27 and a 200 day moving average price of $75.83. The company has a market cap of $108.39 billion, a PE ratio of 25.72, a P/E/G ratio of 1.47 and a beta of 1.64. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping 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 the consensus estimate of $4.64 billion. During the same quarter last year, the company earned $7.79 earnings per share. The company's quarterly revenue was up 24.4% on a year-over-year basis. Research analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's payout ratio is 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.