Western Wealth Management LLC Acquires 6,421 Shares of Lam Research Co. (NASDAQ:LRCX)

Western Wealth Management LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 792.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,231 shares of the semiconductor company's stock after acquiring an additional 6,421 shares during the quarter. Western Wealth Management LLC's holdings in Lam Research were worth $522,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. McLean Asset Management Corp boosted its holdings in Lam Research by 6.3% during the fourth quarter. McLean Asset Management Corp now owns 5,122 shares of the semiconductor company's stock worth $370,000 after buying an additional 302 shares in the last quarter. Fairway Wealth LLC increased its stake in Lam Research by 900.0% in 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 period. Financial Perspectives Inc boosted its position in Lam Research by 908.8% during 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. Bell Investment Advisors Inc increased its holdings in Lam Research by 836.6% in the fourth quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company's stock worth $28,000 after buying an additional 343 shares during the last quarter. Finally, Country Trust Bank grew its position in Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 360 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded up $0.74 during midday trading on Thursday, reaching $84.74. 2,694,827 shares of the company traded hands, compared to its average volume of 12,210,407. Lam Research Co. has a 12 month low of $56.32 and a 12 month high of $113.00. The firm's fifty day moving average price is $73.27 and its two-hundred day moving average price is $75.83. 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 firm has a market capitalization of $108.39 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the firm earned $7.79 EPS. The business's quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, June 18th. Lam Research's payout ratio is 25.63%.

Analysts Set New Price Targets

Several research analysts recently weighed in on LRCX shares. Mizuho lifted their price objective on shares of Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Jefferies Financial Group lifted their price objective on Lam Research from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, March 28th. Barclays lowered their target price on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. Finally, Bank of America lowered their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Seven research 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.

About Lam Research

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.