Westfuller Advisors LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 817.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,571 shares of the semiconductor company's stock after acquiring an additional 7,637 shares during the quarter. Westfuller Advisors LLC's holdings in Lam Research were worth $621,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. 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 worth $25,000 after buying an additional 309 shares during the period. Fairway Wealth LLC increased its position 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 worth $25,000 after acquiring an additional 306 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Lam Research during the fourth quarter worth $27,000. West Paces Advisors Inc. bought a new stake in Lam Research in the 4th quarter valued at $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Lam Research in the 4th quarter worth $27,000. Institutional investors and hedge funds own 84.61% of the company's stock.
Lam Research Stock Performance
Lam Research stock traded up $0.29 during mid-day trading on Thursday, hitting $84.29. 3,634,737 shares of the company's stock traded hands, compared to its average volume of 12,516,904. The stock has a market cap of $107.81 billion, a price-to-earnings ratio of 25.60, 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 fifty-two week low of $56.32 and a fifty-two week high of $113.00. The firm has a 50 day simple moving average of $73.27 and a two-hundred day simple moving average of $75.83.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its 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 the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.79 earnings per share. On average, research analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.
Lam Research Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research's dividend payout ratio is currently 25.63%.
Wall Street Analysts Forecast Growth
LRCX has been the topic of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, April 24th. Wells Fargo & Company dropped their target price on Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on shares of Lam Research and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.56.
View Our Latest Stock Analysis on Lam Research
About Lam Research
(
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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