Western Wealth Management LLC Has $522,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Western Wealth Management LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 792.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,231 shares of the semiconductor company's stock after buying 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Fairway Wealth LLC increased its stake in shares of Lam Research by 900.0% during the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 306 shares during the last quarter. Financial Perspectives Inc increased its stake in shares of 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 purchasing an additional 309 shares during the last quarter. West Paces Advisors Inc. acquired a new position in shares of Lam Research during the 4th quarter worth about $27,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research during the 4th quarter worth about $27,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Lam Research during the 4th quarter worth about $27,000. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

LRCX has been the topic of a number of research reports. Oppenheimer decreased their price target on shares of Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and upped their price target for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. Morgan Stanley upped their price target on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Finally, Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and upped their price target for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Trading Up 3.6%

Shares of LRCX stock traded up $2.88 during trading hours on Tuesday, hitting $83.94. 9,525,842 shares of the company's stock traded hands, compared to its average volume of 12,249,832. The stock's 50 day simple moving average is $72.98 and its 200 day simple moving average is $75.72. The stock has a market cap of $107.37 billion, a PE ratio of 25.50, 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 quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

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

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio is presently 25.63%.

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.