Westfuller Advisors LLC Raises Position in Lam Research Co. (NASDAQ:LRCX)

Westfuller Advisors LLC increased its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 817.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,571 shares of the semiconductor company's stock after purchasing an additional 7,637 shares during the period. Westfuller Advisors LLC's holdings in Lam Research were worth $621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. One Charles Private Wealth Services LLC raised its stake in Lam Research by 843.4% during the 4th quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock valued at $289,000 after acquiring an additional 3,576 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Lam Research by 1,260.8% during the 4th quarter. Atomi Financial Group Inc. now owns 9,049 shares of the semiconductor company's stock valued at $654,000 after acquiring an additional 8,384 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Lam Research by 1,104.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 19,710 shares of the semiconductor company's stock valued at $1,424,000 after acquiring an additional 18,074 shares during the last quarter. Dakota Wealth Management raised its stake in Lam Research by 833.1% during the 4th quarter. Dakota Wealth Management now owns 15,153 shares of the semiconductor company's stock valued at $1,095,000 after acquiring an additional 13,529 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its stake in Lam Research by 897.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,054 shares of the semiconductor company's stock valued at $149,000 after acquiring an additional 1,848 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on LRCX. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company cut their target price on Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Barclays cut 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. Morgan Stanley increased their target price on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Finally, Evercore ISI increased their target price on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $91.56.

Lam Research Price Performance

NASDAQ:LRCX traded up $0.06 during trading hours on Wednesday, reaching $84.00. 9,443,123 shares of the company traded hands, compared to its average volume of 12,238,658. The firm's 50-day moving average is $73.11 and its 200-day moving average is $75.78. The stock has a market cap of $107.45 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion for 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%. Lam Research's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.79 EPS. Equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued 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 (DPR) is presently 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.