Waverly Advisors LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,190.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,253 shares of the semiconductor company's stock after acquiring an additional 6,691 shares during the period. Waverly Advisors LLC's holdings in Lam Research were worth $524,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Fairway Wealth LLC increased its stake in shares of 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 buying an additional 306 shares during the period. Financial Perspectives Inc grew 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 worth $25,000 after acquiring an additional 309 shares in the last quarter. West Paces Advisors Inc. purchased a new position in Lam Research during the 4th quarter valued at about $27,000. Midwest Capital Advisors LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of Lam Research by 836.6% in the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.
Lam Research Stock Performance
Shares of LRCX stock traded up $0.06 during trading hours on Wednesday, hitting $84.00. The company's stock had a trading volume of 9,444,049 shares, compared to its average volume of 12,247,922. The stock has a market cap of $107.45 billion, a PE ratio of 25.52, a price-to-earnings-growth 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 50 day moving average of $73.11 and a 200 day moving average of $75.78. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm's revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $7.79 earnings per share. On average, sell-side analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.
Lam Research Dividend Announcement
The company 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 of this dividend is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. Lam Research's payout ratio is 25.63%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on LRCX. Barclays cut their price objective on shares of Lam Research from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft set a $70.00 target price on Lam Research and gave the company a "hold" rating in a research report on Thursday, April 24th. Oppenheimer reduced their price target on Lam Research from $95.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Needham & Company LLC decreased their price objective on Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Seven 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 stock. According to data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $91.56.
Read Our Latest Analysis on LRCX
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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